JSC BANK OF GEORGIA
Status: Approved 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 on one of the largest privately owned banks in Georgia.
What is our funding objective?
By financing the bank and improving the capital base, it is able to extend scarce financing and development of the SME-sector in Georgia.
Why do we fund this investment?
With this transaction, we can support our longstanding client Bank of Georgia with long term funding and, through our syndicate, bring new investors to Georgia. The financing will not only improve the capital base of the bank but also be used to extend scarce financing and development of the SME-sector in Georgia. This will generate more tax income in Georgia. Further new jobs will be created in the country.
What is the Environmental and Social categorization rationale?
FMO is supporting the Banks E&S function with CD.
More investments
| Date | Total FMO financing |
|---|---|
| 6/14/2021 | USD 5.00 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
- 12/16/2019
- Total FMO financing
- USD 25.00 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