BGEO Group PLC (BGEO.L)
9 Dec 2016
Nov 21 BGEO Group Plc, the holding company of JSC Bank of Georgia, on Monday reported a 75 percent increase in third-quarter profit, helped by higher income in its banking and healthcare businesses.
* Says Q3 profit was 141.5 mln Georgian lari ($60.8mln/ 46.7 mln stg), up 75.0 pct y-o-y
* Archil Gachechiladze will be appointed CEO of Georgia Global Utilities ("GGU"), utilities and energy business of group
* Announces appointment of Kakhaber Kiknavelidze as chief executive officer of JSC Bank of Georgia, with immediate effect
Sept 7 BGEO Group Plc, the holding company for JSC Bank of Georgia, said it had appointed Kakhaber Kiknavelidze as CEO of JSC Bank of Georgia with immediate effect.
* Says H1 revenue was 368.1 mln Georgian lari (up 2.2 pct y-o-y)
(The following statement was released by the rating agency) MOSCOW, June 15 (Fitch) Fitch Ratings has published BGEO Group's (BGEO) Long-Term Issuer Default Rating (IDR) of 'BB-' with a Stable Outlook. BGEO is Bank of Georgia's (BoG; BB-/Stable/bb-) direct holding company, domiciled in Georgia. A full list of rating actions is available at the end of this rating action commentary. KEY RATING DRIVERS BGEO's ratings reflect Fitch's view that the default risk of the holding company (holdco) i