- Bank of Georgia Group said it had signed a one-year US$50m trade finance facility with Citi.

The facility, initially agreed with Citi in 2011, was the third successful transaction between Citi and Bank of Georgia.

'I am very glad to see that Bank of Georgia and our trusted partner Citi continue to actively cooperate on trade finance deals, which enable us to strengthen our position as a go-to bank for tailor-made trade finance products in Georgia,' said Archil Gachechiladze, Bank CEO.

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