BGEO Group PLC (the “Group” or “BGEO”), announces that its banking business subsidiary, JSC Bank of Georgia (the “Bank of Georgia”) has signed a loan agreement with Symbiotics (“the Company”) – a Swiss investment company active in emerging and frontier economies. The GEL-denominated loan facility, totaling GEL 25 million (US$10 million) and with a maturity of two to three years, will be used to support Georgia’s micro, small and medium sized enterprises with their increasing local currency financing needs.
