Project detail - JSC BANK OF GEORGIA

JSC BANK OF GEORGIA

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Who is our client

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).

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 we fund this project

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.

Environmental and social rationale

FMO is supporting the Banks E&S function with CD.

More investments

Date Total FMO financing
12/16/2019 USD 25.00 MLN
5/17/2019 USD 5.00 MLN
Website client
http://www.bankofgeorgiagroup.com
Region
Europe & Central Asia
Country
Georgia
Sector
Financial Institutions
Signing date
7/26/2018
Total FMO financing
GEL 160.00 MLN
Fund
FMO
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