30th Sep 2014 07:55
LONDON (Alliance News) - Bank of Georgia Holdings PLC's JSC Bank of Georgia has received a EUR15.0 million senior loan facility from Green for Growth Fund, the holding company said Tuesday.
In a statement, Bank of Georgia Holdings said the loan will initially go towards financing energy efficient construction projects in Tbilisi, which will result in primary energy savings of more than 20% for energy compared to conventional buildings.
"Supporting environment friendly programmes has been at the heart of our group's sustainability agenda for a number of years. We are continuously improving our range of products and services to take into account our environmental footprint. We are therefore delighted to be joining efforts GGF to achieve enhanced energy efficiency in Georgia," Chief Executive Irakli Gilauri said in a statement.
Bank of Georgia Holdings shares were Tuesday quoted up 1.0% at 2,397.00 pence.
By Samuel Agini; [email protected]; @samuelagini
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