According to the latest news, the Bank of Georgia has been recently honored with the best bank for small and medium organizations in Georgia by the worldwide publication Global Finance under the framework of the “Best SME Bank Awards 2022”. Global Finance assessed banks utilizing an algorithm based on standards, for example, awareness about the SME market and its requirements, variety in products and services, the market scenario, and advancement. Other awards & recognitions that were facilitated by Global Finance include:

1. Arab Bank was honored with the “Best Trade Finance Provider 2021 in the Middle East” award by Global Finance.
2. African Development Bank was honored with the “Best Multilateral Financial Institution 2021”.
3. Commercial Bank Honoured With 'Best Bank In Qatar 2021' Award By Global Finance

The participating banks were assessed by INFOSYS global specialists and those best ready to address the issues of small & medium-sized businesses in their markets were considered winners that involved banks from 66 nations across the world, including Central and Eastern Europe, Latin America, the Middle East, North America, and Western Europe, as well as international banks such as Sberbank, Alfa-Bank, Tinkoff Bank, Evoca Bank, UniCredit Bulbank, OTP Bank and others.

As per Joseph D Giarraputo, Publisher and Editor-in-Chief of Global Finance, “SMEs are hit hard by the global pandemic of Covid-19 economically that has a vital role in recovering from any emergency. The agenda of Global Finance behind hosting the SME Bank Awards Program is to perceive the accomplishments of financial institutions that have been serving satisfactory services and backing small & medium-sized businesses amid tough situations.”

Zurab Masurashvili, Head of Small and Medium Business at Bank of Georgia explained, “Bank of Georgia got acknowledgment from Global Finance for its assistance of small & medium-sized businesses as we have been presenting and fostering several products customized according to the requirements of the sector for years. Amid the pandemic, the Bank of Georgia concentrated primarily on assisting small & medium-sized businesses to recover & grow. We must continually pay attention to the representatives of SMEs to better comprehend their difficulties so we can offer the most appropriate administrations and products at the right time. This award is yet more acknowledgment of Bank of Georgia as an authentic business associate, and a tremendous motivating force to continue onward.”

Just before getting this recognition, the international publication Global Finance named Bank of Georgia the best in 5 classifications across Central and Eastern Europe. These are the best banks for SMEs, online investment management services, trade finance, online treasury services, and mobile-adaptable platforms.

“In a fast-developing digital business environment, digital technologies have gained popularity in importance as the determining achievement factor. The recognition from Global Finance is yet another example that we are moving on the right path towards digital transformation. This honor has a place with every individual who took part in the formation of the bank’s remote products. We will continue pushing ahead and keep refining the current products and services, as well as bringing innovations to generate more opportunities for our business clients. ”Vakhtang Bobokhidze, Deputy General Director of Bank of Georgia explained.

Read more: https://www.emeriobanque.com/trade-finance-services