Bank of Georgia JSC

In brief

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, a loan portfolio of USD 3.5 billion, and 2.4 million clients. The purpose of the financing is to strengthen the bank’s capital position to allow future growth.

Main development impact

The main development impacts include, financing of MSME clients and rural clients, employment, taxes paid, and gender equality.

Investment details

Name: Bank of Georgia JSC
Project number: 80000159
Region: Europe and Central Asia
Country: Georgia
Sector: Financial institution
Signing date (month/year): December 2019
Currency: USD
Finnfund's financing (commitment): 10,000,000
Instrument: Loan
Size of the project financing: USD 107,000,000
Share of Finnfund's financing (%): 9,30 %
Status: Active
Website: https://bankofgeorgia.ge/en/

Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.

December

Key facts

Name:

Bank of Georgia JSC

Sector:

Financial institution

Region:

Europe and Central Asia

Country:

Georgia

Currency:

USD

Finnfund's financing (commitment):

10,000,000

Signing date (month/year):

December 2019

Last update:

April 2020