November 22, 2018 / 7:15 AM / 20 days ago

Bank of Georgia quarterly profit rises 11.3 pct on strong lending

Nov 22 (Reuters) - Bank of Georgia Group Plc reported an 11.3 percent rise in quarterly earnings, helped by higher lending amid strong economic growth in the former Soviet republic.

Pretax profit rose to 113.3 million laris ($43.00 million), for the three months ended Sept. 30, from 101.9 million laris a year earlier, said the lender, which was formed when BGEO Group demerged into two entities in May.

$1 = 2.6350 laris Reporting by Muvija M in Bengaluru; Editing by Sunil Nair

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