{"id":153331,"date":"2023-09-04T13:57:58","date_gmt":"2023-09-04T09:57:58","guid":{"rendered":"https:\/\/forbes.ge\/saqarthvelos-bankma-citi-sgan-50-milioni-ashsh-dolaris-motsulobis-phinansuri-resursi-moizida\/"},"modified":"2023-09-04T14:03:28","modified_gmt":"2023-09-04T10:03:28","slug":"jsc-bank-of-georgia-signs-us-50-million-trade-finance-facility-with-citi","status":"publish","type":"post","link":"https:\/\/dev.forbes.ge\/en\/jsc-bank-of-georgia-signs-us-50-million-trade-finance-facility-with-citi\/","title":{"rendered":"Jsc Bank of Georgia Signs US$50 Million Trade Finance Facility With Citi"},"content":{"rendered":"<p>Bank of Georgia has signed a one-year US$50 million Trade Finance Facility with Citi. The Facility has been arranged under the Continuing Agreement for Reimbursement of Trade Advances (\u201cCARTA\u201d), signed with Citi in 2011, and is the ninth successful transaction between Citi and Bank of Georgia under this agreement. The Facility aims to enhance the Bank\u2019s best-in-class offering of trade finance solutions for the Georgian corporate and small and medium sized (SME) sectors.<\/p>\n<p><strong><em>Archil Gachechiladze<\/em><\/strong>, CEO of Bank of Georgia commented: \u201cFacilities of this kind from our trusted partner Citi is extremely important as we create new opportunities through this partnership for both corporate and SMEs that are actively involved in export\/import operations. We have a long history of cooperation with Citi in trade finance and this is the ninth deal under the CARTA agreement, which motivates us and allows us to strengthen our position as a go-to bank for tailored trade finance offerings in Georgia. I would like to thank Citi for successful cooperation on trade finance deals.<\/p>\n<p><strong><em>Emre Umut,<\/em><\/strong> Citi\u2019s Treasury and Trade Solutions Head of Financial Institution Sales \u2013 Middle East &amp; Africa commented: \u201cWe have a long-standing relationship with JSC Bank of Georgia, one of the leading financial institutions in Georgia that we are very proud of. This trade finance facility underlines Citi\u2019s continued support not only for the business activities and growth ambitions of our clients in Georgia but the country overall as well.\u201d <span style=\"font-weight: 400;\"><strong><strong style=\"color: #000080;\">S<\/strong><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank of Georgia has signed a one-year US$50 million Trade Finance Facility with Citi. The Facility has been arranged under the Continuing Agreement for Reimbursement of Trade Advances (\u201cCARTA\u201d), signed with Citi in 2011, and is the ninth successful transaction between Citi and Bank of Georgia under this agreement. The Facility aims to enhance the [&hellip;]<\/p>\n","protected":false},"author":797,"featured_media":153333,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1747,1736],"tags":[],"class_list":["post-153331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-partner-en","has-thumb"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Jsc Bank of Georgia Signs US$50 Million Trade Finance Facility With Citi &#8226; Forbes Georgia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.forbes.ge\/en\/jsc-bank-of-georgia-signs-us-50-million-trade-finance-facility-with-citi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jsc Bank of Georgia Signs US$50 Million Trade Finance Facility With Citi &#8226; Forbes Georgia\" \/>\n<meta property=\"og:description\" content=\"Bank of Georgia has signed a one-year US$50 million Trade Finance Facility with Citi. The Facility has been arranged under the Continuing Agreement for Reimbursement of Trade Advances (\u201cCARTA\u201d), signed with Citi in 2011, and is the ninth successful transaction between Citi and Bank of Georgia under this agreement. The Facility aims to enhance the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dev.forbes.ge\/en\/jsc-bank-of-georgia-signs-us-50-million-trade-finance-facility-with-citi\/\" \/>\n<meta property=\"og:site_name\" content=\"Forbes Georgia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/forbesgeo\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-04T09:57:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-04T10:03:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dev.forbes.ge\/wp-content\/uploads\/2023\/09\/190_eng-1024x576.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Paid Placement\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@forbesgeorgian\" \/>\n<meta name=\"twitter:site\" content=\"@forbesgeorgian\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Paid Placement\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/dev.forbes.ge\\\/en\\\/jsc-bank-of-georgia-signs-us-50-million-trade-finance-facility-with-citi\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/dev.forbes.ge\\\/en\\\/jsc-bank-of-georgia-signs-us-50-million-trade-finance-facility-with-citi\\\/\"},\"author\":{\"name\":\"Paid Placement\",\"@id\":\"https:\\\/\\\/dev.forbes.ge\\\/en\\\/#\\\/schema\\\/person\\\/f5796d1c6f3be9246feb0bfb20639cb1\"},\"headline\":\"Jsc Bank of Georgia Signs US$50 Million Trade Finance Facility With Citi\",\"datePublished\":\"2023-09-04T09:57:58+00:00\",\"dateModified\":\"2023-09-04T10:03:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/dev.forbes.ge\\\/en\\\/jsc-bank-of-georgia-signs-us-50-million-trade-finance-facility-with-citi\\\/\"},\"wordCount\":254,\"publisher\":{\"@id\":\"https:\\\/\\\/dev.forbes.ge\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/dev.forbes.ge\\\/en\\\/jsc-bank-of-georgia-signs-us-50-million-trade-finance-facility-with-citi\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/dev.forbes.ge\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/4-2023-09-04T134950.120.jpg\",\"articleSection\":[\"All News\",\"Partner Content\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/dev.forbes.ge\\\/en\\\/jsc-bank-of-georgia-signs-us-50-million-trade-finance-facility-with-citi\\\/\",\"url\":\"https:\\\/\\\/dev.forbes.ge\\\/en\\\/jsc-bank-of-georgia-signs-us-50-million-trade-finance-facility-with-citi\\\/\",\"name\":\"Jsc Bank of Georgia Signs US$50 Million Trade Finance Facility With Citi &#8226; 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