The FINANCIAL — Bank of Georgia said it has set up a direct account with Euroclear Bank, the international central securities depository of the Euroclear group and the leading clearance and settlement system for internationally traded securities.
“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,” commented Irakli Gilauri, Bank of Georgia’s CEO.
