Bank of Georgia has closed a US$30mn one-year trade finance club facility with Citi and international investors.

The loan was arranged by Citi, which was unable to disclose the names of the other lenders involved when contacted by GTR.

This is the second loan Bank of Georgia has received for trade finance purposes – the first one last year was also arranged by Citi.

Murtaz Kikoria, deputy CEO at Bank of Georgia, says: “I am pleased that we continue this successful path as we once again join forces with Citi to further support the growing needs of our corporate client base and strengthen our competitive advantage in this business.”