JSC Bank Of Georgia Establishes A Fund To Support The Victims Of The Conflict In South Ossetia

Main Category: Aid / Disasters
Article Date: 18 Aug 2008 - 1:00 PDT

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Bank of Georgia, (LSE:BGEO) (GSE: GEB), announces that it has established a fund to support the victims of the conflict in South Ossetia and has made an initial contribution of GEL 1 million. The use of funds will be supervised by a special monitoring group established by Bank of Georgia, which will work in close collaboration with the Ministry of Labor, Health and Social Affairs of Georgia and Mayor's Office of Tbilisi which are coordinating the humanitarian assistance for the victims of South Ossetia conflict. All contributions to the Fund will be highly appreciated. We thank you in advance for your support.

The account information:

For transfers in US$ DOLLARS

Beneficiary Bank
Citibank N.A., New York, US
Swift: CITIUS33

Beneficiary
Bank of Georgia, SWIFT: BAGAGE22
3 Pushkin Street, 0105 Tbilisi,
Georgia

Corr.Account: 36204072

Details of Payment
Account: 45118404300400000030

For transfers in EUROS

Beneficiary Bank
Commerzbank, Frankfurt, Germany
Swift: COBADEFF

Beneficiary
Bank of Georgia, SWIFT: BAGAGE22
3 Pushkin Street, 0105 Tbilisi,
Georgia

Corr. Account: 400 88 81 054
01EUR

Details of Payment
Account: 45119784300400000005
For the Fund to Support the Victims of South Ossetia

About Bank of Georgia

Bank of Georgia, the leading universal Georgian bank with operations in Georgia and Ukraine, is the largest bank by assets, loans, deposits and equity in Georgia, with 34.0% market share by total assets (all data according to the NBG as of 30 June 2008). The major component of the Galt & Taggart Index, the bank has 142 branches and over 770,000 retail and more than 120,000 corporate current accounts. The bank offers a full range of retail banking and corporate and investment banking services to its customers across Georgia. The bank also provides a wide range of corporate and retail insurance products through its wholly-owned subsidiary, Aldagi BCI, as well as asset & wealth management services.

Bank of Georgia has, as of the date hereof, the following credit ratings:

Standard & Poor's - 'B+/B' - Stable
FitchRatings - 'B+/B' - Stable
Moody's - 'B3/NP' (FC) & 'Ba1/NP' (LC)

This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy any securities.