Bank of Georgia appoints former CFO as new leader
10th Jan 2019 10:05
(Sharecast News) - Bank of Georgia confirmed the appointment of former chief financial officer Archil Gachechiladze as chief executive of the group and of JSC Bank of Georgia on Thursday.
Read moreBank of Georgia CEO raises $35m in deals for local firms
28th Dec 2018 07:18
(Sharecast News) - Bank of Georgia said it had raised $35m in two separate deals to finance local businesses.
Read moreBank of Georgia CEO to step down
10th Dec 2018 07:31
(Sharecast News) - Bank of Georgia Group chief executive Officer Kaha Kiknavelidze will step down, the company said on Monday.
Read moreDirector dealings: Bank of Georgia ups stake following 'best bank' award
7th Dec 2018 15:30
(Sharecast News) - Bank Of Georgia chief executive Kakhaber Kiknavelidze purchased 15,000 ordinary shares in the FTSE 250-listed lender on Friday.
Read moreBank of Georgia named 'best bank' in CEE countries
7th Dec 2018 08:35
(Sharecast News) - Bank of Georgia Group announced on Friday that its banking subsidiary, JSC Bank of Georgia, has been recognised as the best bank of 2018 in Central and Eastern Europe by The Banker.
Read moreBank of Georgia sees more strong growth as it continues de-dollarisation
22nd Nov 2018 10:59
(Sharecast News) - Bank of Georgia Group reported continued "outstanding" profitability and "solid" balance sheet growth momentum in its third quarter results on Thursday, with revenue rising 19.4% to GEL 266.61m (£77.85m).
Read moreBank 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
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