After the division BGEO Group as investment and banking businesses, chairman of BGEO Investment expects more successful time for both of the companies.
Irakli Gilauri says that investors also assess the division positively, as recently prices of stock increased by 4%
I think that division will be reflected in a good sense for everyone, as two companies continue to function independently. According to him, the law prepared by the National Bank, which deals with supervision of bank holdings, will have a positive impact on the banking sector. Gilauri says that BGEO’s decision is not related to this legislation.
“We think that the regulation that comes into the banking system is stable. The law institutionalizes the holding companies and makes the banking sector more sustainable,” Gilauri says.