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Bank of Georgia Group PLC (BGEO.L)

BGEO.L on London Stock Exchange

3,278.00GBp
23 May 2018
Change (% chg)

-122.00 (-3.59%)
Prev Close
3,400.00
Open
3,419.00
Day's High
3,419.00
Day's Low
3,250.00
Volume
46,317
Avg. Vol
74,935
52-wk High
3,884.00
52-wk Low
3,193.00

Latest Key Developments (Source: Significant Developments)

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

BGEO Names Investment Business As Georgia Capital
Friday, 12 Jan 2018 

Jan 12 (Reuters) - Bgeo Group Plc ::BGEO GROUP PLC - BGEO GROUP ANNOUNCES A NEW NAME FOR ITS INVESTMENT BUSINESS.BGEO GROUP PLC - BOARD APPROVED RENAMING OF GROUP'S INVESTMENT BUSINESS TO GEORGIA CAPITAL.BGEO GROUP PLC - GROUP EXPECTS TO RETIRE ITS CURRENT HOLDING COMPANY NAME OF BGEO GROUP.BGEO GROUP PLC - GEORGIA CAPITAL'S MANAGEMENT AND STAFF WILL RELOCATE TO A NEW HEAD OFFICE BY END OF FEBRUARY 2018.  Full Article

BGEO Says BOG Draws Remaining Tranche Of A Facility​
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Bgeo Group Plc ::‍BOG DRAWS REMAINING TRANCHE OF EBRD'S GEL FACILITY​.  Full Article

BGEO Group Says Regulator Sets New Tariffs For Water Utility Business
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - BGEO GROUP PLC ::SAYS GEORGIAN NATIONAL ENERGY AND WATER SUPPLY REGULATORY COMMISSION HAS APPROVED NEW TARIFFS FOR WATER SUPPLY AND SANITATION (WSS) SERVICES​.‍TARIFFS HAVE BEEN UPDATED ACCORDING TO NEW METHODOLOGY ADOPTED BY GNERC IN AUGUST 2017​.RETURN ON INVESTMENT, REFERRED TO AS WACC IN METHODOLOGY, FOR FIRST REGULATORY PERIOD, DEFINED AS THREE YEARS IN METHODOLOGY, IS SET AT 15.99% (UP FROM 13.54% IN 2017​.  Full Article

BGEO Group Says Unit M2 Acquires Controlling Stake In A Boutique Hotel
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - BGEO Group Plc ::UNIT M 2 REAL ESTATE ACQUIRED 50% STAKE FROM A THIRD-PARTY IN AN UPCOMING LIFESTYLE BOUTIQUE HOTEL IN TBILISI FOR US$4.1 MILLION​.‍M 2 HAS AN OPTION TO INCREASE ITS SHAREHOLDING TO 60% STAKE BY INJECTING US$1.9 MILLION INTO HOTEL'S CAPITAL​.  Full Article

BGEO Says Real Estate Subsidiary Awarded A Construction Contract
Thursday, 28 Dec 2017 

Dec 28 (Reuters) - BGEO Group Plc ::BGEO GROUP - M2 REAL ESTATE AWARDED MAJOR CONSTRUCTION CONTRACT.BGEO GROUP - M 2 HAS BEEN AWARDED CONTRACT TO CONSTRUCT SHELL AND CORE OF A NEW SHOPPING MALL AND BUSINESS CENTRE LOCATED IN TBILISI'S SABURTALO DISTRICT​.BGEO GROUP - ‍CONSTRUCTION ARM PLANS TO CARRY OUT CONSTRUCTION WORKS OVER SIXTEEN MONTHS FOLLOWING PLANNED PROJECT COMMENCEMENT IN JANUARY 2018​.‍TOTAL VALUE OF CONTRACT, WHICH COVERS CONSTRUCTION MANAGEMENT SERVICES AND PROJECT COSTS, IS $11.6 MILLION​.  Full Article

BRIEF-BGEO Group Acquired Under Construction Hotel In Gudauri For $7.2 Million

* ACQUIRED AN UNDER CONSTRUCTION HOTEL IN GUDAURI FOR A TOTAL CASH CONSIDERATION OF US$7.2 MILLION Source text for Eikon: Further company coverage: