13th Dec 2016 07:40
LONDON (Alliance News) - BGEO Group PLC on Tuesday said its JSC Bank of Georgia business has agreed to acquire a micro and small business loan portfolio from JSC ProCredit Bank Georgia.
Bank of Georgia will buy the portfolio, which comprises around 2,400 clients and a net value of GEL120.0 million in loans, for an undisclosed amount in cash.
BGEO said the deal will strengthen Bank of Georgia's position in the micro and small business loans segment.
By Sam Unsted; [email protected]; @SamUAtAlliance
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