JSC BANK OF GEORGIA
Status: Completed investmentWhy disclosure?
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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 is one of the largest privately owned banks in Georgia.
What is our funding objective?
The purpose of the intended facility is to support and promote the increasing trade finance activities of the bank.
Why do we fund this investment?
The improving Georgian economy offers increasing opportunities for trade finance. The bank is an existing FMO customer with a good track record. The proposed facility contributes to economic development in Georgia.
What is the Environmental and Social categorization rationale?
The trade finance activities are deemed to have potential limited adverse environmental and social risks and/or impacts. As part of this facility, the bank will be required to apply the EDFI Exclusion List and national E&S laws and regulations.
More investments
| Date | Total FMO financing |
|---|---|
| 12/16/2019 | USD 25.00 MLN |
| 10/23/2023 | GEL 160.00 MLN |
- Website customer/investment
- http://www.bankofgeorgiagroup.com
- Region
- Europe & Central Asia
- Country
- Georgia
- Sector
- Financial Institutions
- Effective date
- 5/17/2019
- End date
- 6/14/2021
- Total FMO financing
- USD 5.00 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