Bank of Georgia Group PLC The Banker names BOG as the Bank of the Year 2020 (2529H)
03 Dicembre 2020 - 8:00AM
UK Regulatory
TIDMBGEO
RNS Number : 2529H
Bank of Georgia Group PLC
03 December 2020
London, 3 December 2020
The Banker names Bank of Georgia as the Bank of the Year 2020 in
Georgia
Bank of Georgia Group PLC (the "Group") is pleased to announce
that its subsidiary, JSC Bank of Georgia (the "Bank" or "Bank of
Georgia") has been recognised as the best bank of 2020 in Georgia
by The Banker. The Banker outlined that when selecting the winners
this year the judges have placed particular emphasis on the ways
banks have led in meeting client needs and maintaining resilience
in the face of the COVID-19 pandemic.
Archil Gachechiladze , Bank of Georgia's CEO commented: "We are
very pleased to receive this prestigious award. Bank of Georgia is
the brand that stands for taking action, empowering its customers
and employees, and helping them achieve more of their potential.
Our mission has become even more important during the pandemic, and
we have strengthened our focus on offering the most needed
financial products and services, and providing necessary support to
our clients during the crisis. Bank of Georgia has demonstrated
strong resilience amid a tough operating environment this year, and
we will continue to play a fundamentally important role in
supporting our customers, the communities in which we live, and the
Georgian economy."
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 and
investment banking and wealth management operations in Georgia; and
c) banking operations in Belarus ("BNB"). JSC Bank of Georgia
("Bank of Georgia", "BOG" or the "Bank"), the leading universal
bank in Georgia, is the core entity of the Group. In the
medium-term, the Group targets to benefit from superior growth of
the Georgian economy through both its retail banking and corporate
and investment banking services and aims to deliver on its
strategy, which is based on at least 20% ROAE and c.15% growth of
its loan book .
JSC Bank of Georgia has, as of
the date hereof, the following
credit ratings:
Fitch Ratings 'BB-/B'
Moody's 'Ba3/NP' (FC)
& 'Ba2/NP' (LC)
For further information, please visit www.bankofgeorgiagroup.com
or contact:
Archil Gachechiladze Michael Oliver Sulkhan Gvalia Natia Kalandarishvili
CEO Adviser to the CFO Head of Investor
CEO Relations
+995 322 444 444
+995 322 444 144 +44 203 178 4034 +995 322 444 108 (9282)
agachechiladze@bog.ge moliver@bgeo.com sgvalia@bog.ge ir@bog.ge
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