In line with the gradual and targeted growth strategy and the course towards improving the market practices and for the purpose of attracting affordable finances, Basisbank is teaming up with Symbiotics, leading market access platform for impact investing, targeting markets in emerging and frontier economies, to continue supporting Georgian SME Sector.
Basisbank undertakes to use raised EUR 8.5M, within the 3-years term to finance local SME, thereby stimulating their development and generating employment in the country.
Corporate, Small and Medium enterprises constitute one of the core strategic directions for Basisbank. Bank boasts to be one of major financers of local businesses on the market, immensely contributing to development of the economy and boosting employment, making it a desirable and efficient partner for international organizations.
About Symbiotics
Symbiotics is the leading market access platform for impact investing, dedicated to private markets in emerging and frontier economies. The group offers investment, asset management and capacity building services. Since 2005, Symbiotics has originated over 7,100 investments representing more than USD 7.5 billion for 541 companies in 94 countries. The Group manages an aggregate portfolio of USD 2.9 billion spread across 25 funds and mandates.
About BasisBank
Throughout 29 years of our business operation on the marker, we have grown into a solid universal financial institution. The Group, which also covers Insurance and Leasing markets, delivers high quality service to retail users, as well as Corporate and SME customers. Basisbank closed Q2 2022 with Total Assets well over 2.8 Billion GEL.
