JSC Bank of Georgia raises GEL 25 million local currency funding from Symbiotics

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.