JSC Bank of Georgia signs US$50 million Trade Finance Facility with Citi

Bank of Georgia Group PLC (the “Group“) announces that its subsidiary, JSC Bank of Georgia (the “Bank” or “Bank of Georgia”) has signed a one-year US$50 million Trade Finance Facility (the “Facility”) with Citi. The Facility has been arranged under the Continuing Agreement for Reimbursement of Trade Advances (“CARTA”), signed with Citi in 2011, and is the sixth successful transaction between Citi and Bank of Georgia under this agreement. The Facility aims to enhance the Bank’s best-in-class offering of trade finance solutions for the Georgian corporate and small and medium sized (SME) sectors.