Project Description
The proposed capital increase will enable Bank of Georgia to maintain regulatory capital adequacy required by the Central Bank regulations and to continue to expand its lending business.
Transition Impact
The proposed transaction will contribute to the transition by further developing one of Georgia’s leading banks, which is a systemic bank and enjoys a very good reputation in an early transition country.
The Client
Bank of Georgia is one of Georgia’s leading banks with the latest audited equity base of US$ 29 million. Bank of Georgia is a universal bank providing a variety of banking products and services to its customers with a large bank network across Georgia.
EBRD Finance
Up to US$ 1 million for subscription to newly issued shares.
Project Cost
Up to USD 7 million depending on final bid price.
Environmental Impact
Bank of Georgia will be required to continue to comply with the EBRD’s Environmental Procedures for Small and Micro Loans, including adherence to EBRD’s Exclusion and Referral Lists, compliance with applicable Georgian environmental, health, safety and labour legislation and submission of Annual Environmental Reports to the EBRD.
Technical Cooperation
Bank of Georgia has received significant technical assistance since the 1998 with the original ABN AMRO Institution Building Program. Subsequently one of ABN AMRO consultants worked on implementation of various recommendations designed under the twinning program. Bank of Georgia was a participant in a TC project when the Senior Advisor assisted Bank of Georgia’s senior management in marketing efforts and corporate client relationships.
Company Contact
Macca Ekizashvilli, Head of Investor Relations
Bank of Georgia
Phone: +995 32 444 256.
Web Page: www.bog.ge/ir.
Business opportunities
For business opportunities or procurement, contact the client company.
For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com
General enquiries
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com
Public Information Policy (PIP)
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Text of the PIP