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Two Housing Complexes Financed by Bank of Georgia’s Loan are Completed

Published: February 14, 2013 | 12:23 pm
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The COMMERCIAL TIMES

Bank of Georgia, the leading commercial bank in the country announced the completion of the two housing complexes financed by the bank’s loan. Both construction projects, for which Bank of Georgia had allocated over GEL 10 million credit to GDC Ltd. and Gigsi Ltd., were implemented in Tbilisi.

A housing complex at 19, Ingorokva Str., consists of 91 flats, 84 garages, 11 commercial and office spaces. The other housing complex, located at 5, Ingorokva Str., (next to State Chancellery) includes 27 flats and one commercial space. Used space of the both complexes makes 24 272 sq.m.

Bank of Georgia, as one of the largest financier of businesses, actively continues funding corporate clients and supporting healthy, sound economic construction projects. In total, in 2012 the bank allocated over GEL 20 million loan to construction sector. Today, the number of construction projects, part of which is already completed successfully, exceeds 15.

 

 

 

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