Bank of Georgia CEO raises $35m in deals for local firms

Bank of Georgia said it had raised $35m in two separate deals to finance local businesses.

The group on Friday said it had co-operated with the Green for Growth Fund to raise $25m to finance micro and small enterprises, large businesses and public entities.

A second deal with the European Fund for Southeast Europe to raise $10m with a maturity of five years will support the working capital financing and investment needs of micro and small enterprises.