Project description
and objectives:
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The proposed capital increase will enable Bank of Georgia to maintain
regulatory capital adequacy required by the Central Bank regulations and to
continue to expand its lending business.
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Transition impact:
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The proposed transaction will contribute to the transition by further
developing one of Georgia’s leading banks, which is a systemic bank and enjoys
a very good reputation in an early transition country.
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The client:
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Bank of Georgia is one of Georgia’s leading banks with the latest audited
equity base of US$ 29 million. Bank of Georgia is a universal bank providing a
variety of banking products and services to its customers with a large bank
network across Georgia.
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EBRD finance:
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Up to US$ 1 million for subscription to newly issued shares.
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Total project cost:
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Up to USD 7 million depending on final bid price.
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Environmental impact:
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Bank of Georgia will be required to continue to comply with the EBRD’s
Environmental Procedures for Small and Micro Loans, including adherence to
EBRD’s Exclusion and Referral Lists, compliance with applicable Georgian
environmental, health, safety and labour legislation and submission of Annual
Environmental Reports to the EBRD.
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Technical
cooperation:
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Bank of Georgia has received significant technical assistance since the 1998
with the original ABN AMRO Institution Building Program. Subsequently one of
ABN AMRO consultants worked on implementation of various recommendations
designed under the twinning program. Bank of Georgia was a participant in a TC
project when the Senior Advisor assisted Bank of Georgia’s senior management
in marketing efforts and corporate client relationships.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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Macca Ekizashvilli, Head of Investor Relations
Bank of Georgia
Phone:
+995 32 444 256.
Web Page: www.bog.ge/ir.
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EBRD contact:
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Murtaz Kikoria, Operation Leader: kikoriam@tbl.ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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