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Bank of Georgia Group PLC (BGEO.L)

BGEO.L on London Stock Exchange

1,369.00GBp
23 Aug 2019
Change (% chg)

-23.00 (-1.65%)
Prev Close
1,392.00
Open
1,421.00
Day's High
1,421.00
Day's Low
1,368.00
Volume
20,967
Avg. Vol
59,885
52-wk High
1,927.00
52-wk Low
1,299.60

Latest Key Developments (Source: Significant Developments)

Bank Of Georgia HY Profit 209.1 Mln GEL Vs 152.7 Mln GEL
Wednesday, 14 Aug 2019 

Aug 14 (Reuters) - Bank of Georgia Group PLC ::BANK OF GEORGIA GRP - HALF-YEAR REPORT.BANK OF GEORGIA GROUP PLC - HY NET INTEREST INCOME 364.6 MILLION GEL VERSUS 366.8 MILLION GEL.BANK OF GEORGIA- HY PROFIT 209.1 MILLION GEL VERSUS 152.7 MILLION GEL.BANK OF GEORGIA GROUP PLC - LOAN BOOK GROWTH REACHED 30.5% Y-O-Y AND 10.5% Q-O-Q AT 30 JUNE 2019.BANK OF GEORGIA GROUP PLC - HY PROFIT ADJUSTED FOR ONE-OFF COSTS 223.4 MILLION GEL VERSUS 205.3 MILLION GEL.BANK OF GEORGIA GROUP PLC - COMMON EQUITY TIER 1 (CET1) RATIO STOOD AT 11.0%, COMPARED TO A 9.6% MINIMUM REQUIREMENT AT 30 JUNE 2019.BANK OF GEORGIA GROUP PLC - HY NET INTEREST INCOME 364.6 MILLION GEL VERSUS 366.8 MILLION GEL.BANK OF GEORGIA GROUP PLC - HY NET INTEREST MARGIN 5.6% VERSUS 7.0%.BANK OF GEORGIA - DIRECT RUSSIAN FLIGHT BAN NOT EXPECTED TO HAVE ANY IMPACT ON PERFORMANCE OF GROUP.  Full Article

Bank Of Georgia Group To Buy Extra.Ge
Monday, 17 Jun 2019 

June 17 (Reuters) - Bank of Georgia Group PLC ::ACQUISITION OF A LEADING E-COMMERCE PLATFORM.EXTRA.GE WILL BE INTEGRATED WITH BANK OF GEORGIA'S CURRENT FLEXIBLE SINGLE SIGN-ON AND PAYMENT SYSTEM.ACQUISITION OF GEORGIAN E-COMMERCE PLATFORMS, EXTRA.GE.  Full Article

Bank Of Georgia Says Loan Book Growth 22.4% Y-O-Y At 31 March 2019
Tuesday, 14 May 2019 

May 14 (Reuters) - Bank of Georgia Group PLC ::PROFIT ADJUSTED FOR ONE-OFF TERMINATION COSTS OF FORMER CEO AND EXECUTIVE MANAGEMENT TOTALLED GEL 112.2MLN IN 1Q19.NPLS TO GROSS LOANS RATIO WAS 3.3% AT 31 MARCH 2019, WHILE NPL COVERAGE RATIO WAS 92.2%.LOAN BOOK GROWTH WAS 22.4% Y-O-Y AND 1.8% Q-O-Q AT 31 MARCH 2019.BASEL III TIER 1 AND TOTAL CAPITAL ADEQUACY RATIOS STOOD AT 12.7% AND 17.1%, RESPECTIVELY, AS OF 31 MARCH 2019.(CET1) RATIO STOOD AT 12.7%, COMPARED TO A 9.6% MINIMUM REQUIREMENT AT 31 MARCH 2019.ECONOMY CONTINUED TO PERFORM WELL, WITH GEORGIA'S REAL GDP GROWTH AT 4.7% IN 1Q19.EXTERNAL PRESSURES EASED AS GOODS EXPORTS, REMITTANCES AND TOURISM ALL POSTED INCREASES WHILE IMPORTS DECLINED IN GEORGIA.FOCUS ON MORTGAGE LENDING AND TO FINER MARGIN CORPORATE AND SME CLIENTS, HAS LED TO A NEGATIVE MIX EFFECT ON NET INTEREST MARGIN.NIM REDUCED BY 20 BASIS POINTS QUARTER-ON-QUARTER TO 5.8% AT GROUP LEVEL.  Full Article

Bank Of Georgia Group FY Pretax Profit 437.5 Mln Laris Vs 391.3 Mln Laris
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - Bank of Georgia Group PLC ::FY PRETAX PROFIT 437.5 MILLION LARIS VERSUS 391.3 MILLION LARIS.FY NET INTEREST INCOME 741.8 MILLION LARIS VERSUS 672.5 MILLION LARIS.NIM WAS 6.0 PCT IN 4Q, DOWN 130BPS DUE TO DECREASE IN LOAN YIELD, REFLECTING PLANNED SHIFT TOWARDS FINER MARGIN PRODUCT MIX.FY REVENUE 1.03 BILLION LARIS VERSUS 900.3 MILLION LARIS.ANTICIPATE GROWTH RATES IN THE UNSECURED CONSUMER SECTOR TO MODERATE.CONTINUE TO EXPECT TO DELIVER SOLID GROWTH IN MORTGAGES AND SME LENDING.NOW EXPECT CUSTOMER LENDING GROWTH FOR THE MEDIUM- TO LONG-TERM TO BE COMFORTABLY WITHIN 15-20% EXPECTED GROWTH RANGE.LENDING GROWTH EXPECTATIONS OVER THE NEXT TWELVE MONTHS TO BE CLOSER TO 15 PCT.FY NET LOAN BOOK AND FINANCE LEASE RECEIVABLES REACHED GEL9,397.7MLN AT 31 DECEMBER 2018, UP 21.4% Y-O-Y.  Full Article

Bank Of Georgia Raises $10 Mln From EFSE
Friday, 28 Dec 2018 

Dec 28 (Reuters) - Bank of Georgia Group PLC ::BANK OF GEORGIA GROUP RAISES $10 MLN FROM EFSE.FUNDING FROM EFSE WILL BE DIRECTED AT SUPPORTING WORKING CAPITAL FINANCING AND INVESTMENT NEEDS OF MICRO, SMALL ENTERPRISES.  Full Article

‍Bgeo Group Says Real Estate Subsidiary Acquires Land Plot In Telavi For Hotel Development​
Tuesday, 3 Apr 2018 

April 3 (Reuters) - BGEO Group PLC ::‍BGEO GROUP'S REAL ESTATE SUBSIDIARY ACQUIRES LAND PLOT IN TELAVI FOR HOTEL DEVELOPMENT​.‍UNIT ACQUIRED AN 8,512 SQUARE METRE LAND PLOT IN TELAVI, KAKHETI FOR A TOTAL CASH CONSIDERATION OF US$1.5 MILLION​.  Full Article

BGEO Says ‍JSC Georgia Capital Priced Inaugural $300 Mln Offering
Tuesday, 6 Mar 2018 

March 6 (Reuters) - Bgeo Group Plc ::‍JSC GEORGIA CAPITAL SUCCESSFULLY PRICED AN INAUGURAL US$ 300 MILLION OFFERING OF 6.125% NOTES DUE MARCH 2024​.‍NOTES ARE DENOMINATED IN US DOLLARS AND ARE EXPECTED TO SETTLE ON 9 MARCH 2018.​.  Full Article

BGEO Group Appoints New CEO Of Global Beer Georgia
Thursday, 1 Mar 2018 

March 1 (Reuters) - Bgeo Group Plc ::BGEO APPOINTS A NEW CEO OF GLOBAL BEER GEORGIA.HAS APPOINTED ZDENEK RADIL AS CHIEF EXECUTIVE OFFICER OF GLOBAL BEER GEORGIA LLC.  Full Article

BGEO Group Says Group Revenue In 2017 Increased By 23.7%
Friday, 16 Feb 2018 

Feb 16 (Reuters) - BGEO Group Plc ::$18.3MLN WAS RETURNED TO SHAREHOLDERS DURING 4Q17 ($39.1MLN RETURNED IN 2017).AS OF 31 DECEMBER 2017, LOANS AND FINANCE LEASE RECEIVABLES GROWTH ON A CONSTANT CURRENCY BASIS WAS 17.4%.AS OF 31 DECEMBER 2017, CLIENT DEPOSITS AND NOTES GROWTH ON A CONSTANT CURRENCY BASIS WAS 24.8% AND 4.7% ON Y-O-Y AND Q-O-Q BASIS, RESPECTIVELY.COMMON EQUITY TIER 1 RATIO 8.1%, EXPECTED TO INCREASE TO 9.5% ON 31 DECEMBER 2018.IN Q4 OF 2017, GROUP DELIVERED ANOTHER EXTREMELY STRONG PERFORMANCE THAT RESULTED IN RECORD PROFIT FOR YEAR OF GEL 463 MILLION.GROUP REVENUE IN 2017 INCREASED BY 23.7% YEAR-ON-YEAR TO GEL 1.1 BILLION.  Full Article

Georgia's BGEO Says JSC Georgia Capital Considers Potential Issuance Of A Eurobond
Thursday, 15 Feb 2018 

Feb 15 (Reuters) - BGEO Group Plc ::JSC GEORGIA CAPITAL, HAS MANDATED A NUMBER OF INVESTMENT BANKS TO CONSIDER POTENTIAL ISSUANCE OF A EUROBOND.  Full Article

Bank of Georgia expects further growth in profit, lending

TBILISI, April 22 Bank of Georgia Group Plc expects around 15 percent growth both in profit and lending in the medium term and feels confident in its capital adequacy position, the bank's chief executive said.