Edition:
United Kingdom

Bank of Georgia Group PLC (BGEO.L)

BGEO.L on London Stock Exchange

1,532.20GBp
22 Jan 2019
Change (% chg)

-3.80 (-0.25%)
Prev Close
1,536.00
Open
1,521.20
Day's High
1,534.60
Day's Low
1,504.20
Volume
70,951
Avg. Vol
72,969
52-wk High
3,852.00
52-wk Low
1,299.60

Latest Key Developments (Source: Significant Developments)

Bank Of Georgia Says Archil Gachechiladze Named CEO
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - Bank of Georgia Group PLC ::BANK OF GEORGIA APPOINTS ARCHIL GACHECHILADZE AS CHIEF EXECUTIVE.GACHECHILADZE WILL JOIN GROUP WITH EFFECT FROM 28 JANUARY 2019.KAHA KIKNAVELIDZE WILL STEP DOWN FROM BOARD AND CEO ROLE.  Full Article

Bank Of Georgia CEO Kaha Kiknavelidze To Step Down
Monday, 10 Dec 2018 

Dec 10 (Reuters) - Bank of Georgia Group PLC ::BANK OF GEORGIA GRP - DIRECTORATE CHANGE.BANK OF GEORGIA GROUP PLC - KAHA KIKNAVELIDZE IS TO STEP DOWN AS CHIEF EXECUTIVE.BANK OF GEORGIA GROUP PLC - BOARD IS NOW IN PROCESS OF RECRUITING KAHA'S SUCCESSOR.BANK OF GEORGIA GROUP PLC - EXPECTS TO BE IN A POSITION TO CONFIRM NEW CEO APPOINTMENT DURING Q1 OF 2019.BANK OF GEORGIA GROUP PLC - CURRENT PROJECTIONS FOR FULL-YEAR ARE EXPECTED TO MAINTAIN STRONG TRENDS, IN LINE WITH MANAGEMENT EXPECTATIONS.  Full Article

Bank of Georgia qtrly profit rises 11.3 pct on strong lending
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - Bank of Georgia Group PLC ::3RD QUARTER RESULTS.IN Q3, BANKING BUSINESS DELIVERED REVENUE OF GEL 266.6 MILLION, UP 19.4% YEAR-ON-YEAR.IN Q3 PROFIT FROM CONTINUING OPERATIONS OF GEL 104.5 MILLION, AN INCREASE OF 13.7%.REVENUE OF GEL 266.6MLN IN 3Q18 (UP 19.4% Y-O-Y AND UP 5.6% Q-O-Q).  Full Article

Bank Of Georgia Raises GEL 160 Million From FMO
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Bank of Georgia Group Plc ::JSC BANK OF GEORGIA RAISES GEL 160 MILLION LOCAL CURRENCY FUNDING FROM FMO.LOCAL CURRENCY LOAN FACILITY WILL REINFORCE GROWTH OF BANK'S LOCAL CURRENCY DENOMINATED LOAN PORTFOLIO.  Full Article

Bank Of Georgia Declares Interim Dividend Of 2.44 Georgian Lari Per Share
Monday, 9 Jul 2018 

July 9 (Reuters) - Bank of Georgia Group PLC ::DECLARED AN INTERIM DIVIDEND OF GEORGIAN LARI 2.44 PER ORDINARY SHARE IN RESPECT OF PERIOD ENDED 30 JUNE 2018.  Full Article

Bank Of Georgia Says Banking Business Generated Q1 Profit Up 19.3 pct At GEL 99.2 Mln
Monday, 21 May 2018 

May 21 (Reuters) - BGEO Group PLC ::BANKING BUSINESS GENERATED Q1 PROFIT OF GEL 99.2MLN IN 1Q18 (UP 19.3% Y-O-Y), WHILE Q1 ROAE REACHED 25.9% IN 1Q18 (UP 220BPS Y-O-Y).BANKING BUSINESS LOAN BOOK GROWTH ON CONSTANT-CURRENCY BASIS REACHED 21.3% Y-O-Y AND 5.0% Q-O-Q AT 31 MARCH 2018.FOR BANKING BUSINESS, ASSET QUALITY CONTINUED TO IMPROVE DURING 1Q18.FOR BANKING BUSINESS, NPLS TO GROSS LOANS RATIO DECREASED TO 3.1% AT 31 MARCH 2018 (4.6% AT 31 MARCH 2017 AND 3.8% AT 31 DECEMBER 2017).FOR BANKING BUSINESS, NPL COVERAGE RATIO STOOD AT 111.4% AT 31 MARCH 2018 (102.9% AT 31 DECEMBER 2017 ADJUSTED FOR IFRS 9 IMPACT).GEORGIA HEALTHCARE POSTED NET REVENUES OF GEL 207 MILLION DURING QUARTER, AN INCREASE OF 11.4%.DEMERGER IS EXPECTED TO BE COMPLETED LATER THIS MONTH, ON 29 MAY 2018.BANKING BUSINESS LOAN BOOK GROWTH ON A CONSTANT-CURRENCY BASIS REACHED 21.3% Y-O-Y AND 5.0% Q-O-Q AT 31 MARCH 2018.RETAIL BANKING REVENUE REACHED GEL 170.7MLN IN 1Q18, UP 20.9% Y-O-Y, BUT DOWN 3.0% Q-O-Q DUE TO SEASONALITY.BANK OF GEORGIA - RETAIL BANKING NET LOAN BOOK REACHED GEL 5,155.3MLN AT 31 MARCH 2018, UP 32.5% Y-O-Y AND UP 2.2% Q-O-Q.RETAIL BANKING PRODUCT TO CLIENT RATIO INCREASED TO 2.2 IN 1Q18 FROM 2.0 IN 1Q17.GROUP Q1 PROFIT UP 18.8 PERCENT YOY TO 128.6 MILLION GEL.  Full Article

BGEO Group Says Co Is Now Wholly-Owned Subsidiary Of Bank Of Georgia
Monday, 21 May 2018 

May 21 (Reuters) - BGEO Group PLC ::DEMERGER UPDATE: SCHEME EFFECTIVE.IN ACCORDANCE WITH TERMS OF SCHEME, BGEO SHARES HAVE BEEN CANCELLED AND BGEO HAS BECOME A WHOLLY-OWNED SUBSIDIARY OF BANK OF GEORGIA.BANK OF GEORGIA GROUP ADMISSION IS EXPECTED TO COMMENCE AT 8.00 A.M. ON 21 MAY 2018..CREST ACCOUNTS WILL BE CREDITED WITH BANK OF GEORGIA GROUP SHARES ON 21 MAY 2018..  Full Article

BGEO Says Georgia Capital Acquires Georgian Wine Producer
Thursday, 3 May 2018 

May 3 (Reuters) - BGEO Group PLC ::GEORGIA CAPITAL ACQUIRES GEORGIAN WINE PRODUCER.ACQUIRED A 60% INDIRECT CONTROLLING INTEREST IN KINDZMARAULI MARANI THROUGH FOR TOTAL CONSIDERATION OF US$7.25 MILLION.  Full Article

Roman Pipia Says Sues BGEO Group
Thursday, 12 Apr 2018 

April 12 (Reuters) - Roman Pipia::LEGAL PROCEEDINGS ISSUED IN HIGH COURT OF JUSTICE OF ENGLAND AND WALES ON BEHALF OF ROMAN PIPIA HAVE BEEN SERVED ON BGEO GROUP PLC.PIPIA'S CASE THAT AUCTION IMPROPERLY CONSTITUTED, INVOLVED CONNECTED PARTIES INCLUDING BGEO, ASSETS OF RUSTAVI AZOT SOLD AT UNDERVALUE.AMOUNT CLAIMED BY PIPIA TO BGEO TO FULLY COMPENSATE HIM IS ABOUT $994 MILLION.  Full Article

BGEO ‍Publishes Circular On Recommended Proposals For Separation Of Investment Business By Demerger To Georgia Capital
Monday, 26 Mar 2018 

March 26 (Reuters) - Bgeo Group Plc ::BGEO - ‍PUBLISHED CIRCULAR ON RECOMMENDED PROPOSALS FOR SEPARATION OF INVESTMENT BUSINESS BY DEMERGER TO GEORGIA CAPITAL PLC​.  Full Article

UPDATE 1-UK Stocks-Factors to watch on Jan 10

Jan 10 Britain's FTSE 100 index is seen opening 12 points lower at 6,895 on Thursday, according to financial bookmakers, with futures down 0.47 percent ahead of the cash market open.