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JSC Bank of Georgia (BGEO)

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Friday 02 December, 2011

JSC Bank of Georgia

Bank of Georgia signs a five year Georgian Agri...

Bank of Georgia signs a five year Georgian Agricultural Finance Facility with EBRD

Bank of Georgia

JSC Bank of Georgia (LSE: BGEO) (the “Bank”), the leading bank in Georgia and the European Bank for Reconstruction and Development (the “EBRD”) have signed an Agricultural Finance Facility agreement for a Georigan lari loan of the equivalent of US$ 14,492,000 in Georgian lari.

“I am very pleased that the EBRD is continuing its track record of support for the Bank. This long-term lari funding will enable Bank of Georgia to enhance its lending to Georgia’s agriculture sector”, commented Irakli Gilauri, Chief Executive Officer.

About Bank of Georgia

Bank of Georgia is the leading Georgian bank, based on total assets (with a 36% market share), total loans (with a 36% market share) and client deposits (with a 34% market share) as of 30 June 2011, all data based on standalone financial information filed by banks in Georgia with the National Bank of Georgia. The Bank offers a broad range of corporate banking, retail banking, wealth management, brokerage and insurance services to its clients.

Bank of Georgia has, as of the date hereof, the following credit ratings:

Standard & Poor’s   ‘B/B’
FitchRatings ‘B+/B’
Moody’s ‘B1/NP’ (FC) & ‘Ba3/NP’ (LC)

For further information, please visit or contact:

Irakli Gilauri   Macca Ekizashvili
Chief Executive Officer Head of Investor Relations
+995 32 444 109 +995 32 444 256

This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy any securities.