Credo Bank and ADB sign GEL 120 million business funding deal
Credo Bank and the Asian Development Bank have signed a GEL 120 million investment agreement. BMG reports that the funds are intended to support micro, small and medium-sized businesses outside Tbilisi, including women-led enterprises.
The long-term funding is denominated in local currency. The transaction announcement links this to reducing the bank's foreign currency exposure and risks. Credo Bank's partnership with ADB began in 2015.
Related directory categories: Banks.
Sources: Source publication.
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