BGH announces its name change to BGEO Group PLC

RNS Number : 5135G

Bank of Georgia Holdings PLC

20 November 2015

 



London, 20 November 2015

Bank of Georgia Holdings announces its name change to BGEO Group PLC

Bank of Georgia Holdings PLC ("BGH" or the "Group") announces that it has completed the change of its name from Bank of Georgia Holdings PLC to BGEO Group PLC following its announcement regarding its intention to change the name in August 2015.

Logo change:

To reflect the change in name, the Group also changed its logo, replacing the previously used BGH logo

Web-site change:

Additionally, the Group launched its updated web-site with the following new address: www.BGEO.com, replacing the previous web-site (www.bogh.co.uk). Relevant BGH related information, including announcements, financial reports, regulatory documentation, and investor presentations are now available on the new web-site.

About BGEO Group PLC

BGEO Group PLC is a UK incorporated holding company of a Georgia-based banking group with an investment arm. Its primary business is the leading Georgian bank JSC Bank of Georgia, which has a market share of 36.0% (based on total assets), 33.4% (based on total loans) and 31.6% (based on client deposits). The banking business offers a broad range of retail banking, corporate banking, investment management and P&C insurance services. As of 30 June 2015, the bank served approximately 1.9 million client accounts through one of the largest distribution networks in Georgia, with 246 branches, the country's largest ATM network, comprising 685 ATMs, 2,284 Express pay (self-service) terminals and a full-service remote banking platform and a modern call center. The investment business primarily consists of the largest healthcare group in Georgia (Georgia Healthcare Group), real estate business (m2) and utility business (Georgia Global Utilities).

Bank of Georgia has, as of the date hereof, the following credit ratings:

Standard & Poor's	'BB-/B'
FitchRatings	'BB-/B'
Moody's	'B1/NP' (FC) & 'Ba3/NP' (LC)

For further information, please visit www.bgh.co.uk or contact: 

Irakli Gilauri	Michael Oliver	Ekaterina (Eka) Shavgulidze
Group CEO	Adviser to the CEO	Head of Investor Relations
[phone]	[phone]	[phone]
[e-mail]	[e-mail]	[e-mail]

This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy any securities

 

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