Bank of Georgia wins consumer bank award for second year
14th Sep 2018 08:14
(Sharecast News) - Bank of Georgia Group announced on Friday that its banking subsidiary JSC Bank of Georgia has been awarded a 'Consumer Digital Bank of Distinction Award' from Global Finance in Central and Eastern Europe, for the second consecutive year.
Read moreRecord-breaking Bank of Georgia club trade facility recognised
6th Sep 2018 09:59
(Sharecast News) - Bank of Georgia Group reported on Thursday that JSC Bank of Georgia's one-year $75m club trade finance facility was recognised as the 'Trade Deal of the Year' by the Asian Development Bank's Trade Finance Program.
Read moreBank of Georgia pleased with outlook after decent first half
16th Aug 2018 07:58
(Sharecast News) - Bank of Georgia Group issued its first half report on Thursday, reporting "strong" quarterly results with profit before non-recurring items and income tax totalling GEL 120.0m in the second quarter, up 31.0% year-on-year and 7.9% quarter-on-quarter.
Read moreBank of Georgia signs loan agreement with Dutch bank FMO
1st Aug 2018 10:37
(Sharecast News) - Bank of Georgia Group announced on Wednesday that its bank subsidiary, JSC Bank of Georgia, had attracted more GEL-denominated funding as it signed a GEL 160m loan agreement with Dutch development bank, Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden (FMO), with a tenor of five years.
Read morePeel Hunt upgrades Bank of Georgia to 'buy'
25th Jan 2017 09:03
(ShareCast News) - Shares in Bank of Georgia (BGEO) rose on Wednesday as Peel Hunt upgraded the lender to 'buy' from 'add' and issued a target price of 3,450p after being under review previously. Peel Hunt said the Georgian bank's decision to sell down its stake in non-core business Georgia Healthca
Read moreBgeo Group issues bonds worth $25m
19th Dec 2016 07:36
(ShareCast News) - The holding company for the Bank of Georgia, Bgeo Group's property subsidiary has issued $25m worth of bonds in the local of market. M2 Real Estate placed $25m of bonds in the local market, with the FTSE 250 company's banking arm, Galt & Target acting as broker. The bonds were is
Read moreBgeo acquires loan portfolio from ProCredit Bank Georgia
13th Dec 2016 07:21
(ShareCast News) - Georgia-focused investment company BGEO Group announced on Tuesday that its banking subsidiary, JSC Bank of Georgia, has agreed to acquire a micro and small business portfolio from JSC ProCredit Bank Georgia for cash. The FTSE 250 firm said ProCredit Bank is currently the third la
Read moreBGEO Group issues 30m Georgian lari currency bond
12th Dec 2016 07:33
(ShareCast News) - BGEO Group's water utility business issued a 30m Georgian lari currency bond (about £9m), the largest ever issued in local currency by a non-financial institution from the central Asian country. Georgia Global Utilities, with the company's banking arm Galt & Taggart, has placed a
Read moreFTSE 250 movers: Up day for midcaps led by Rotork, BGEO and Mitie
22nd Nov 2016 13:35
(ShareCast News) - The FTSE 250 index joined the rest of the markets in an up-day on Tuesday, rising 0.93% to just shy of 17,700 by late afternoon led by rises in Rotork, BGEO and Mitie. Leading the rise was actuator maker Rotork as it let markets know that it expected full year sales will be toward
Read moreBGEO appoints new utilities unit chief, bank restructure
21st Nov 2016 07:21
(ShareCast News) - BGEO Group said it had appointed a new chief executive to its utilities unit as it prepares for an IPO, while also unveiling a restructuring at Bank of Georgia. The FTSE 250-listed outfit said Archil Gachechiladze, currently a deputy chief executive of the bank, had been appointed
Read moreDirector dealings: Burberry and BGEO directors take some profits
25th Aug 2016 16:17
(ShareCast News) - A pair of directors at Burberry and BGEO Group reaped hefty profits from selling shares on Thursday. Burberry chief executive Christopher Bailey, who in July agreed to step back to focus solely on his previous role of chief creative officer, stashed £253,500 in his manbag as he so
Read moreThursday broker round-up
18th Aug 2016 09:43
(ShareCast News) - Admiral Group: RBC reiterates underperform with a target price of 1600p. Laird: Berenberg maintains sell with a 230p target. BGEO Group: UBS reiterates neutral with a 2960p target. ICAP: Exane BNP Paribas upgrades to outperform with a 510p target. Poundland: Credit Suisse keeps
Read moreBGEO profits surge ahead of generous Georgian corporate tax cuts
16th Aug 2016 07:40
(ShareCast News) - Growth across retail banking, corporate banking and its investment arm saw BGEO drive profits and allowed it to further benefit from the Georgian government's generous new tax policy. Total revenue during the first six months of the year of 439.8m Georgian lari (GEL) (£146m) was u
Read moreBGEO sign £19m loan agreement
5th Aug 2016 07:41
(ShareCast News) - BGEO Group, the holding company of JSC Bank of Georgia, announced on Friday that the bank and Black Sea Trade and Development Bank have signed a GEL 60m (£19.4m) loan agreement, with a 5-year maturity. The FTSE 250 firm said this long-term local currency loan facility will be used
Read moreBGEO completes $350m notes issue
27th Jul 2016 10:29
(ShareCast News) - BGEO Group, the holding company of JSC BGEO Group, announced on Wednesday that it has completed the issuance of its $350m 6.00% notes due 2023. The FTSE 250 firm said the Regulation S / Rule 144A senior unsecured notes were issued and sold at an issue price of 99.297% of their pri
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