DEG has issued USD 35 million for Bank of Georgia, to extend financing of the SME sector in the country

German Investment and Development Corporation (DEG) has issued USD 35 million for Bank of Georgia, to extend financing of the SME sector in the country. The loan will boost the total credit portfolio of the SME sector by 10-15%. DEG gives a positive estimation of the country’s economic conditions and has expressed willingness to finance other Georgian businesses.