Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address

JSC Bank of Georgia (BGEO)

  Print      Mail a friend

Monday 02 July, 2007

JSC Bank of Georgia

Issue of Debt

Bank of Georgia

                                                                          2 July, 2007

          Georgian Leasing Company Signs a US$7.5 Million Loan Facility
                           with WorldBusiness Capital

JSC Bank of Georgia (LSE:BGEO) (GSE:GEB), the leading Georgian universal bank,
announced today that Georgian Leasing Company, its wholly-owned subsidiary and a
leading leasing provider in Georgia, and WorldBusiness Capital Inc. (WBC) have
signed a loan agreement for a US$7.5 million facility to finance its small and
medium enterprise (SME) lease portfolio. This long-term facility is supported by
the U.S. Oversees Private Investment Corporation (OPIC).

'I am pleased that WBC and OPIC have once again come together in extending a
US$7.5 million facility, this time for the growth of SME equipment leasing by
the Georgian Leasing Company, having financed last year Bank of Georgia's
growing residential mortgage financing needs. This facility, thanks to its
long-term tenor, will dramatically enhance the company's leasing capability. We
greatly appreciate WBC's and OPIC's assistance for our growth', commented Lado
Gurgenidze, Chairman of the Supervisory Board of Bank of Georgia.

WorldBusiness Capital has successfully closed loans in emerging markets
throughout the world. In 2003 OPIC entered into a cooperative agreement with
WorldBusiness Capital to expand support for SMEs investing overseas and enhance
the activities of OPIC's Small Business Center. 'We welcome the opportunity to
support the growth of the leading equipment leasing company in Georgia. Georgian
Leasing Company's focus on the small and medium-sized enterprise sector was a
key factor in our decision to extend long-term financing with the support of
OPIC's small business programs,' said Robert Monyak, Executive Vice President
and Chief Lending Officer at WBC.

About Georgian Leasing Company

Georgian Leasing Company is a leading leasing company in Georgia with about 35%
market share. The company extends leases to construction, light and heavy
industries, printing, transportation, service, trade, telecommunication and high
tech business sector in all regions of Georgia and abroad. Georgian Leasing
Company was founded in 2001 and was acquired by Bank of Georgia in 2005. As of
31 March 2007, the company had GEL 10.1 million in assets and GEL 0.5 million in

About Bank of Georgia

Bank of Georgia, a leading universal Georgian bank with operations in Georgia
and Ukraine, is the largest bank by assets, loans, deposits and equity in
Georgia, with 33% market share by total assets (all data according to the NBG as
of March 31 2007). The major component of the Galt & Taggart Index, the bank has
103 branches and over 500,000 retail and more than 50,000 corporate current
accounts. The bank offers a full range of retail banking and corporate and
investment banking services to its customers across Georgia. The bank also
provides a wide range of corporate and retail insurance products through its
wholly-owned subsidiary, BCI, as well as asset & wealth management services.

About Oversees Private Investment Cooperation (OPIC)

OPIC was established as an agency of the U.S. government in 1971. It helps U.S.
businesses invest overseas, fosters economic development in new and emerging
markets, complements the private sector in managing risks associated with
foreign direct investment, and supports U.S. foreign policy. Because OPIC
charges market-based fees for its products, it operates on a self-sustaining
basis at no net cost to taxpayers.

OPIC's political risk insurance and financing help U.S. businesses of all sizes
invest in more than 150 emerging markets and developing nations worldwide. Over
the agency's 35-year history, OPIC has supported $164 billion worth of
investments that have helped developing countries to generate more than 732,000
host-country jobs and $13 billion in host-government revenues. OPIC projects
have also generated $69 billion in U.S. exports and supported more than 264,000
American jobs.

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

Standard & Poor's   'B+/B'                          Stable
Moody's             'B3/NP' (FC) & 'Ba1/P-3' (LC)   Stable
Fitch Ratings       'B/B'                           Stable

For further information, please visit or contact:

Lado Gurgenidze                   Irakli Gilauri          Thea Jokhadze                Macca Ekizashvili
Chairman of the Supervisory Board Chief Executive Officer Head of Debt Capital Markets Head of Investor Relations
+995 32 444 103                   +995 32 444 109         +995 32 444 192              +995 32 444 256
[email protected]                [email protected]         [email protected]             [email protected]

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. Certain statements in this news report are forward-looking
statements and, as such, are based on the managements current expectations and
are subject to uncertainty and changes in circumstances.

a d v e r t i s e m e n t