February 19, 2019 / 7:17 AM / 4 months ago

Bank of Georgia 2018 profit rises on higher lending

Feb 19 (Reuters) - Bank of Georgia Group Plc reported an 11.8 percent jump in annual profit on higher lending thanks to a growing Georgian economy, but warned that growth of unsecured consumer loans would moderate on the back of some newer rules.

Pretax profit rose to 437.5 million laris ($166.10 million), for the 12 months ended Dec. 31, from 391.3 million laris ($148.56 million) a year earlier, the FTSE 250 lender said.

$1 = 2.6340 laris Reporting by Muvija M in Bengaluru; editing by Patrick Graham

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