Its shares have been listed on the Georgian stock exchange since 2001. According to Lado Gurgenidze, chairman of the bank’s supervisory board: “The offering is intended to diversify our capital structure and funding resources, raise the profile of the bank and its operations, and provide the funds required to expand our banking operations in Georgia and other markets.” ING is lead manager on the offering, which is expected to raise $155 million if the over-allotment option is exercised in full.