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BOG raises $75m trade finance club facility

23 August 2017 07:56

BGEO Group has announced that JSC Bank of Georgia has signed a one-year US$75 million club trade finance facility.

The group said the this was arranged by Citi in collaboration with the bank's long-term partner international financial institutions - Asian Development Bank and International Finance Corporation ("IFC") - a member of the World Bank Group.

It said the facility was the fourth successful syndication arranged by Citi for JSC Bank of Georgia and supported Bank of Georgia's commitment to remain the leading provider of trade finance solutions for the Georgian corporate and small and medium sized sectors.

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