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Bank of Georgia, ADB sign loan agreement

Business Materials 7 December 2010 17:14 (UTC +04:00)

Georgia, Tbilisi, Dec. 7 / Trend N. Kirtskhalia /

The Bank of Georgia and the Asian Development Bank (ADB) have issued a credit agreement worth $50 million, the Bank of Georgia said.

According to the report, the ADB loan, granted for five years, will be used to finance loans for small and medium business.

This year, the Bank of Georgia has received long-term financing worth $ 150 million from international financial institutions.

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