BOG named Best Consumer Digital Bank in Georgia

RNS Number : 6229L

Bank of Georgia Group PLC

14 September 2021

 

London, 14 September 2021

Global Finance names Bank of Georgia the Best Consumer Digital Bank in Georgia

Bank of Georgia Group PLC (the "Group") announces that its subsidiary, JSC Bank of Georgia (the "Bank" or "Bank of Georgia") has been awarded the Best Consumer Digital Bank in Georgia   award from Global Finance in 2021. The Bank has also been recognised as the Central & Eastern Europe regional winner in the Best Online Product Offerings and the Best Bill Payment & Presentment sub-categories.

In addition, Bank of Georgia has been recognised as a winner in the following sub-categories in 2021:

§ Best Corporate/Institutional Digital Bank in Georgia

§ Best Sub-Custodian Bank in Georgia

§ Best Information Security and Fraud Management in Central & Eastern Europe

§ Best in Lending in Central & Eastern Europe

§ Best Online Investment Management Services in Central & Eastern Europe

§ Best Trade Finance Services in Central & Eastern Europe

§ Best Online Treasury Services in Central & Eastern Europe

§ Best Mobile Adaptive Site in Central & Eastern Europe

§ Best SME Banking in Central & Eastern Europe

Archil Gachechiladze , Bank CEO commented: "We are delighted to be recognised as the Best Consumer and Corporate/Institutional Digital Bank in Georgia by Global Finance and to receive a number of awards in the regional digital awards categories in Central and Eastern Europe. This recognition once again highlights the strength of our market-leading payments business and the popularity of our financial mobile app. Enabled by strong technological and advanced data analytics capabilities, we keep focusing on delivering superior customer experience through more digitalisation, better and relevant products, and smooth end-to-end customer journeys in digital channels."

"With the Global pandemic forcing people to conduct their personal and professional banking activities from their phones, tablets and computers, digital banking took on an importance and prevalence for beyond anything that had come before," said Joseph D. Giarraputo , publisher and editorial director of Global Finance. "Banks were forced to respond to this drastically altered landscape, and those that met the challenge most successfully are being honoured as Global Finance's World's Best Digital Banks 2021."

Name of authorised official of issuer responsible for making notification: Natia Kalandarishvili, Head of Investor Relations and Funding

About Bank of Georgia Group PLC

Bank of Georgia Group PLC ("Bank of Georgia Group" or the "Group" - LSE: BGEO LN) is a UK incorporated holding company, which comprises: a) retail banking and payment services; b) corporate banking, wealth management and investment banking operations in Georgia; and c) banking operations in Belarus ("BNB"). JSC Bank of Georgia ("Bank of Georgia", "BOG" or the "Bank"), the systemically important and leading universal bank in Georgia, is the core entity of the Group. The Bank is a leader in payments business and financial mobile application, with the strong retail and corporate banking franchise in Georgia. With a continued focus on increasing digitalisation and expanding technological and data analytics capabilities, the Group aims to offer more personalised solutions and seamless experiences to its customers to enable them to achieve more of their potential. The Group aims to benefit from growth of the Georgian economy, and through both its Retail Banking and Corporate and Investment Banking services targets to deliver on its strategy, which is based on at least 20% ROAE and c.10% growth of its loan book in the medium-term .  

JSC Bank of Georgia has, as of the date hereof, the following credit ratings:
Fitch Ratings	'BB-/B'
Moody's	'Ba2/NP'

For further information, please visit www.bankofgeorgiagroup.com or contact:

Archil Gachechiladze	Michael Oliver	Sulkhan Gvalia	Natia Kalandarishvili
CEO	Adviser to the CEO	CFO	Head of Investor Relations
[phone]	[phone]	[phone]	[phone] (9282)
[e-mail]	[e-mail]	[e-mail]	[e-mail]

This 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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