Georgian bank receives credit from ResponsAbility Investments AG
Baku, Azerbaijan, July 31
By Tamilla Mammadova – Trend:
Swiss company ResponsAbility Investments AG has provided the Georgian Basis Bank with a credit resource in the amount of $9.4 million,Trend reports with reference to commersant.ge.
According to the signed agreement, the credit line will be used for lending to small and medium-sized enterprises in Georgia (SMEs).
Cooperation between Basis Bank and ResponsAbility began in 2018. Within the project, the bank received $10 million to promote projects in the field of energy efficiency and energy saving.
Active partnership with international financial institutions allows Basis Bank to offer small and medium-sized enterprises in Georgia both favorable conditions for products and services, and innovative solutions in their business, which further contributes to the development of SMEs.
ResponsAbility Investments AG is a foreign investment company offering various types of professional investment services to private and public companies.
(1 USD = 2.94 GEL on July 31)