---
title: "JSC Bank of Georgia raises GEL 25 million local currency funding from Symbiotics"
description: "BGEO Group PLC (the Group or BGEO), announces that its banking business subsidiary, JSC Bank of Georgia (the Bank of Georgia&"
canonical_url: "https://georgiacapital.ge/news/company-news/523-jsc-bank-of-georgia-raises-gel-25-million-local-currency-funding-from-symbiotics"
locale: en
meta:
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  "og:description": "BGEO Group PLC (the Group or BGEO), announces that its banking business subsidiary, JSC Bank of Georgia (the Bank of Georgia&"
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  "og:image:alt": "JSC Bank of Georgia raises GEL 25 million local currency funding from Symbiotics"
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21 Feb 2018

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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.

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