JSC Bank of Georgia has become the first Georgian company to set up a direct account with Euroclear Bank, and has mooted the possibility of offering a global custody service in Georgia.
I am very pleased that Bank of Georgia became the first Georgian entity to open an account with Euroclear Bank, allowing us to conduct settlements of Euroclearable international and local securities in over 90 countries. In addition, it gives us the opportunity to start offering global custodian service, previously not available on the Georgian market, said Irakli Gilauri, Bank of Georgias CEO.
Bank of Georgia offers a varity of banking services in Georgia, Ukraine and Belarus, and is the largest bank in Georgia by assets, loans, deposits and equity, with 34.8% market share by total assets, according to government data.