24th Jul 2014 12:20
LONDON (Alliance News) - Bank of Georgia Holdings PLC Thursday said that its banking subsidiary has inked a USD20.0 million trade finance loan deal with Turk Eximbank, the only official Export Credit Agency of Turkey, to extend financing to Georgian companies that import Turkish consumer and capital goods to Georgia.
"The USD20 million trade finance facility will further strengthen our leading market position in trade finance services and will allow our corporate clients to tap business opportunities arising from long standing economic partnership between Georgia and Turkey," Bank of Georgia Deputy Chief Executive Nikoloz Gamkrelidze said in a statement.
Bank of Georgia shares were Thursday quoted up 0.4% at 2,551.00 pence.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Bank Of Georgia Group