BGEO's Bank of Georgia wins top award for second year running

BGEO Group announced in an update on Monday that its banking business subsidiary, JSC Bank of Georgia, has been recognised as the ‘Best Trade Finance Bank’ in Georgia in 2017 by Global Finance for the second consecutive year.

The FTSE 250 company said the editorial review board of the Global Finance magazine selected the winners based on inputs from industry analysts, corporate executives and technology experts.

It said the criteria for selection included transaction volume, scope of global coverage, customer service, competitive pricing and innovative technologies.

It was the fifth time the bank has been granted with the award since 2010.

“We are pleased to be recognised once again as the leading provider of trade finance solutions in Georgia,” said JSC Bank of Georgia CEO Kaha Kiknavelidze.

“The bank actively co-operates with a number of foreign banks and international development institutions and translates these partnerships into best-in-class trade finance solutions for local corporate and SME clients.”