Bank of Georgia acquired Extra.ge.

Bank of Georgia, a UK incorporated holding company which, through its subsidiaries, carries out a retail banking and payment services, and b corporate investment banking and wealth management operations in Georgia, acquired Extra.ge, one of the leading Georgian e-commerce platforms. Financial terms were not disclosed. Archil Gachechiladze, the Group CEO commented: "I am very pleased that we continue to successfully expand our footprint in digital platforms that create a great value for our clients. extra.ge will become our new digital offering built around the simplicity and convenience of a value-enhancing single umbrella model, which enables the stakeholders to make the best deals with each other, and rely on superior financial services offered by Bank of Georgia. Bank of Georgia's retail and micro, small and medium-sized enterprise clients will enjoy the excellent opportunities of a new consumer experience and doing business in a dynamic and flexible digital marketplace."