JSC BANK OF GEORGIA
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Bank of Georgia on one of the largest privately owned banks in Georgia. The Bank has a Premier listing at the London Stock Exchange and is exempt from disclosure prior to contacting. (share sensitive information).
What is our funding objective?
With the GEL-loan, FMO supports the natural growth of the Bank's overall loan portfolio in local currency. Minimizing the forex risk for the Banks clients.
Why do we fund this investment?
Due to an active de dollarization policy of the Central Bank, there is a scarcity in the market for GEL. With this facility FMO supports the Bank.
What is the Environmental and Social categorization rationale?
FMO is supporting the Banks E&S function with CD.
More investments
| Date | Total FMO financing |
|---|---|
| 12/16/2019 | USD 25.00 MLN |
| 6/14/2021 | USD 5.00 MLN |
- Website customer/investment
- http://www.bankofgeorgiagroup.com
- Region
- Europe & Central Asia
- Country
- Georgia
- Sector
- Financial Institutions
- Effective date
- 7/26/2018
- End date
- 10/23/2023
- Total FMO financing
- GEL 160.00 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A