BGEO Group PLC (the “Group” or “BGEO”), announces that its banking business subsidiary, JSC Bank of Georgia (“the Bank”) has been recognised as the Best Issuing Bank Partner for Women Owned Businesses in Europe and Central Asia in 2017 by International Finance Corporation’s (“IFC”) Global Trade Finance Programme (“GTFP”) in cooperation with Banking on Women Programme. Since 2008, the Bank has been actively using GTFP’s resources to extend its capacity to deliver trade finance solutions to its SME and corporate clients, including women-owned enterprises.
Kaha Kiknavelidze, the Bank CEO commented: “We are very pleased to be distinguished by IFC, our long term partner, as the best financial institution in Europe and Central Asia for providing much necessary funding for women-led businesses. The Bank is fully dedicated to designing financial solutions for start-ups and businesses, especially small and medium sized companies, managed by women and supporting their funding with essential non-financial assistance. We plan to further strengthen our client base within women-owned enterprises and stay at the forefront of enhancing their role in Georgian economy.”
“Bank of Georgia is one of the key IFC partners in Europe and Central Asia, and it has played a critical role in expanding trade into new markets and helping local SMEs grow and create jobs,” said Jan van Bilsen, IFC Regional Manager for the South Caucasus. “We would like to congratulate the team with this well-deserved award.”
