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.
Bank of Georgia Group
5,050.00p
08:30 28/03/24
-0.20%
-10.00p
Banks
3,825.04
08:30 28/03/24
1.07%
40.47
FTSE 250
19,770.57
08:30 28/03/24
n/a
n/a
FTSE 350
4,380.53
08:30 28/03/24
n/a
n/a
FTSE All-Share
4,335.03
08:30 28/03/24
n/a
n/a
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.