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BnkOfGeorgiaGrpOrd1P (BGEO)

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24-Feb-2021 09:09 AM

Bank of Georgia reports uptick in net assets on strong performance in private portfolio

Bank of Georgia reported an uptick in annual net asset value per share underpinned by strong performance in its private portfolios thanks to a recovery in market sentiment. For the year ended 31 December, net asset value per share rose 2.7% to GEL48.12.
26-Aug-2020 08:00 AM

Broker Forecast - Peel Hunt issues a broker note on BGEO Group

Peel Hunt today reaffirms its add investment rating on BGEO Group (LON:BGEO) and raised its price target to 1411p (from 1215p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
20-Aug-2020 09:27 AM

Bank of Georgia returns to profit in Q2 as client deposits increased

Georgian lender Bank of Georgia has announced a return to profit in the second quarter, with the largest impact from the Covid-19 crisis felt in the retail banking business. The bank reported a pre-tax profit in the second quarter of GEL 123,154, up 1.8%
29-May-2020 08:30 AM

Broker Forecast - Peel Hunt issues a broker note on BGEO Group

Peel Hunt today reaffirms its add investment rating on BGEO Group (LON:BGEO) and cut its price target to 1215p (from 1900p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
14-May-2020 08:57 AM

Bank of Georgia swings to loss in 1Q as Covid-19 impact sparks jump in loan loss provisions

Bank of Georgia swung to a loss in the first quarter of the year as higher income was offset by higher credit loss provisions as the Covid-19 pandemic was expected to increase loan defaults. For the first quarter, the company reported a pre-tax loss of
16-Mar-2020 01:16 PM

Bank of Georgia reconsiders paying dividend as coronavirus spreads

Bank of Georgia said it had decided not to declare a dividend at its next annual general meeting while it assess the potential impact of the spreading coronavirus on its business. Last month, the company said it planned to recommend an annual dividend fo
13-Feb-2020 08:38 AM

Bank of Georgia profit rises, led by retail business

Bank of Georgia said profit in the fourth quarter rose by nearly a third, led by growth across its retail banking business. Pre-tax profit increased 32.8% to GEL172.05m in 2019 from a year earlier, and revenue increased by 1.05% year-on-year to GEL208bn.
17-Dec-2019 01:16 PM

Bank of Georgia sources $107m syndicated loan arranged by FMO

Bank of Georgia said a subsidiary had signed a 10-year $107m subordinated syndicated loan agreement arranged by Dutch group FMO. The agreement was signed in collaboration with other participating lenders including DEG, the Finnish Fund for Industrial Coo
07-Nov-2019 09:42 AM

Bank of Georgia profits grow in Q3 amid increase in client assets and bond issuances

Bank of Georgia reported a rise in profit as assets increased in the third quarter of the year, owing to an increase in client assets and bond issuances. Profit adjusted for one-off costs totalled GEL 134.3m in the third quarter, up 20.9% on-year and up
24-Sep-2019 08:52 AM

Bank of Georgia launches digital solution Optimo for MSME sales and operations

Bank of Georgia Group has announced the launch of Optimo which is a digital solution for customers to run their business sales and operations. The platform is designed to address the needs of micro, small and medium sized enterprises in optimising their
14-Aug-2019 08:41 AM

Bank of Georgia profits up 10.9% despite fall in net interest income

Bank of Georgia said profits increase 10.9% in the second quarter of the year from a year earlier even as net interest income fell. Profit before tax increased 10.9% to GEL121,011,000 in the second quarter from a year earlier, while net interest income
14-May-2019 10:10 AM

Broker Forecast - Numis issues a broker note on BGEO Group

Numis today reaffirms its buy investment rating on BGEO Group (LON:BGEO) and raised its price target to 2356p (from 2216p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
02-Apr-2019 07:39 AM

Bank of Georgia appoints Sulkhan Gvalia as Deputy CEO amid corporate shakeup

Bank of Georgia Group announced a new executive management team including the appointment of Sulkhan Gvalia as Deputy CEO and Chief Financial Officer, replacing David Tsiklauri. Giorgi Pailodze, had been appointed as Deputy CEO, Corporate Investment Ba
19-Feb-2019 09:08 AM

Bank of Georgia profits rise on strong retail banking performance

Bank of Georgia said Tuesday annual profits increased by more than fifth as retail banking continued to deliver solid growth across its business lines. Profit before tax increased 23% to GEL492.64m in 2018 from a year earlier, and revenue increased by 13
19-Feb-2019 08:50 AM

Broker Forecast - Peel Hunt issues a broker note on BGEO Group

Peel Hunt today downgrades its investment rating on BGEO Group (LON:BGEO) to add (from buy) and cut its price target to 1900p (from 2250p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
22-Nov-2018 10:17 AM

Bank of Georgia Group profits bolstered by 'strong' retail banking performance

Bank of Georgia BGEO reported Thursday a rise in profits supported by 'strong' performance in its retail banking division following an increase in net interest income. For the three months to 30 September, profit before tax totalled GEL 117m,
16-Aug-2018 10:20 AM

Broker Forecast - Numis issues a broker note on BGEO Group

Numis today upgrades its investment rating on BGEO Group (LON:BGEO) to buy (from add) and cut its price target to 2216p (from 3750p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
01-Jun-2018 08:30 AM

Broker Forecast - Peel Hunt issues a broker note on BGEO Group

Peel Hunt today upgrades its investment rating on BGEO Group (LON:BGEO) to buy (from add) and cut its price target to 2250p (from 4000p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
29-May-2018 08:37 AM

Bank of Georgia Group completes demerger

Bank of Georgia Group said the demerger of its investment business to Georgia Capital was completed on Tuesday morning. As part of the demerger, Bank of Georgia Group had issued and allotted a further 9,784,716 Bank of Georgia Group Shares - equivalent t
21-May-2018 07:58 AM

Bank of Georgia Group profit jumps 18.8% in Q1

Bank of Georgia Group reported Monday profit rose 18.8% in the first quarter of the year from the same period a year ago supported by strong performance in the firm's investment and banking divisions. In the first three months of the year, the fir
16-Feb-2018 11:10 AM

Broker Forecast - Numis issues a broker note on BGEO Group

Numis today upgrades its investment rating on BGEO Group (LON:BGEO) to add (from hold) and set its price target at 3750p. Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
16-Feb-2018 08:35 AM

BGEO profits grow to record amid strong banking, investment performance

BGEO reported record profits of GEL463.449m in 2017, up 8.1% year-on-year amid strong performance from its banking and investment businesses, supported by Georgia's strong macroeconomic performance and business outlook. Group revenue in 2017 increa
15-Feb-2018 09:43 AM

Georgia Capital mulls Eurobond issuance to shore up balance sheet ahead of demerger

BGEO Group said its investment arm JSC Georgia Capital mandated a number of investment banks to explore the option of issuing a Eurobond as it seeks to optimise its balance sheet ahead of a demerger. Irakli Gilauri, BGEO CEO said: 'The Board of BGE
08-Feb-2018 08:22 AM

BGEO Group acquires craft beer producer Black Lion

BGEO Group said its investment arm Georgia Capital acquired leading Georgian craft beer producer Black Lion. The acquisition of Black Lion complements the existing basket of beverage products offered by the Group's beverage business. Irakli Gilau
24-Jan-2018 08:30 AM

Broker Forecast - Berenberg issues a broker note on BGEO Group

Berenberg today initiates coverage of BGEO Group (LON:BGEO) with a hold investment rating and price target of 3900p. Story provided by StockMarketWire.com...

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