26th Jun 2014 11:41
LONDON (Alliance News) - Bank of Georgia Holdings PLC Thursday said it has received a EUR18.5 million senior loan from the European Fund for Southeast Europe, money it will use to help expand its micro- and small-business lending.
The bank said that more than 20% of its business loan portfolio is dedicated to micro-, small- and medium-sized enterprises.
"We are pleased to further expand our yet excellent partnership and to jointly work on reaching the EFSE's goal to foster economic development and prosperity in its target regions," said Monika Beck, Chairperson of the Board of the EFSE.
Bank of Georgia shares were trading 0.4% higher at 2,361.00 pence Thursday afternoon.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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