The facility was arranged under the continuing agreement for reimbursement of trade advances signed with Citi in 2011 and represents the sixth transaction between Citi and Bank of Georgia under the agreement, according to morningstar.co.uk.
Bank of Georgia, which provides retail banking and payment services as well as corporate and investment banking and wealth management operations in Georgia, said the facility's aim is to enhance its offering of trade finance solutions for the corporate and small and medium sized sectors in Georgia.
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