JSC Bank of Georgia signs US$ 100 million 5-year loan agreement with EBRD

Bank of Georgia Group PLC (the “Group”) announces that its subsidiary, JSC Bank of Georgia (the “Bank” or “Bank of Georgia”) and the European Bank for Reconstruction and Development (“EBRD”) have signed a US$ 100 million multi-currency loan agreement with a maturity of five years, allowing the Bank to draw-down the funds both in local and foreign (US Dollar and Euro) currencies. The facility aims to support micro, small and medium size enterprises through providing uninterrupted access to long-term funding. This is the first long-term facility from EBRD as part of COVID-19 crisis support to Georgia, designed to facilitate on-lending to the Bank’s clients to withstand the negative consequences brought by the economic impact of the pandemic.