Basisbank and ResponsAbility Innvestment AG signed a loan agreement in the amount of EUR 8 mln. The three year loan facility will be used to finance micro, small and medium size businesses in Georgia. First cooperation between Basisbank and ResponsAbility in support of MSME sector development was initiated in 2018. This is the fourth joint project launched to devote larger resources to serving the needs of Basisbank’s MSME clients. 

Financing of large, medium and small businesses is one of the strategic directions of Basisbank. The bank is one of the largest business financiers on the market with a significant contribution to the development of the country's economy, which makes it a desirable and effective partner for international organizations.

About ResponsAbility Investments AG

ResponsAbility Investments AG is an impact investor focused on private debt and private equity across emerging markets. Founded in 2003 and headquartered in Zurich, it has invested over USD 12 billion since inception and has a strong performance track record. With over 200 employees, collaborating from seven offices, the company invests across three distinctive themes to directly contribute to the United Nations Sustainable Development Goals (SDGs): Financial Inclusion, to finance the growth of Micro & SMEs; Climate Finance, to contribute to a net zero pathway; and Sustainable Food, to sustainably feed an ever-growing population. ResponsAbility is part of M&G plc, the international savings and investments business, and contributes to enhancing M&G’s capabilities in impact investing.

About BasisBank

Throughout 29 years of our business operation on the marker, we have grown into a solid universal financial institution. The Group, which also covers Insurance and Leasing markets, delivers high quality service to retail users, as well as Corporate and SME customers. Basisbank closed Q3 2022 with Total Assets well over 3 Billion GEL.

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