Banking

EBRD to Issue New GEL-denominated Securities

EBRD to Issue New GEL-denominated Securities April 16, 2018Leave a comment
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European Bank for Reconstruction and Development (EBRD) intentions to issue GEL-denominated securities of numerous ten million GEL with the attempt to credit exports products manufacturing and to develop domestic capital market through Georgia-based commercial banks as part of deep and comprehensive trade agreement with EU.

This issue and other ongoing and future projects were discussed by Georgian Finance Minister Dimitri Kumsishvili and EBRD md in Ukraine, Caucasus, Moldova and Belarus Francis Malije.

Georgian ranks second when it comes to EBRD investments per capita, the meeting participants said. The parties have positively appraised the bank activities in Georgia and expressed support to? ongoing reforms under four-clause plan of presidency of Georgia.

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