Bank of Georgia JSC
Region and country of operations: Central Asia, Georgia
Jurisdiction of registration: Georgia
Business sector: Bank
Date of agreement (month/year): 12/2019
Instrument: Tier 2 Loan
Finnfund’s financing: USD 10,000,000
Share of Finnfund’s financing: 9.3%
Size of project/financing: USD 107,000,000
Environmental and social category: A
Project description
Bank of Georgia JSC is the second biggest bank in Georgia. It finances retail, micro, SME and corporate clients. It has about 2,300 employees and loan portfolio of USD 3.5 billion and 2.4 million clients.
The purpose of the financing is strengthening of bank’s capital position to allow future growth.
Main development impact
- Financing of MSME clients and rural clients
- Employment
- Taxes paid
- Gender
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