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Tag Archives: BGEO

Bank of Georgia Holdings Shares Drop -38.17%

Bank of Georgia Holdings Plc (BGEO.L) have moved lower over the course of the past week revealing negative downward near-term momentum for the shares. In taking a look at recent performance, we can see that shares have moved -38.17% over the past week, -42.74% over the past 4-weeks, -40.21% over the past …

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New Regulations to Take Effect for Banking Holdings

Kumsishvili

“New regulations will be enforced in relation to banking holdings”, Vice Prime Minister Dimitri Kumsishvili noted after Georgian Capital was separated from BGEO Group and Georgian Capital shares were placed at London Stock Exchange (LSE). The banking sector should be separated from real economy, he said. “Today is of crucial …

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Fourth Georgian Company Listed On LSE

BGEO

Bank of Georgia Group said the demerger of its investment business with Georgia Capital was completed on Tuesday. As part of the demerger, Bank of Georgia Group issued and allotted 9,784,716 Bank of Georgia Group Shares—equivalent to 19.9% of the Bank of Georgia Group’s issued ordinary share capital—to Georgia Capital …

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Georgia Capital Acquires Leading Kindzmarauli Marani

On May 3 BGEO Group announced that its investment business holding company JSC Georgia Capital has acquired a 60% indirect controlling interest in Kindzmarauli Marani LLC. “Kindzmarauli is a producer of exquisite Georgian wines and spirits, which owns 350 hectares of vineyards in Georgia’s Kakheti region. Georgia Capital will consolidate …

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BGEO in Expectation of Changes in Listing

Price of Bank of Georgia shares (BGEO LN) has declined at London Stock Exchange (LSE). Last week the price of a share constituted 34.54-36.76 GBP. The price declined by 3.9% week on week and by 1.8% month on month. According to G&T analytics, in the reporting week deals were made …

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Deputy Economy Minister is BGEO Stakeholder

Giorgi Cherkezishvili

Deputy Minister of Economy Giorgi Cherkezishvili is a BGEO Group stakeholder. Cherkezishvili bought shares of Georgia’s biggest banking-investment holding in 2013 and paid 9432 GBP for the stake. The deal turned out successful. As of April 30, 2018, the value of Chekezishvili’s stake has almost doubled and the value of …

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Moody’s Upgrades Rating Of Bank of Georgia’s Senior Notes

BGEO Group PLC said Thursday that credit rating agency Moody’s Investors Service has upgraded the credit rating of unit JSC Bank of Georgia’s senior unsecured notes by two notches to Ba2. The outlook on the senior unsecured notes has been changed to stable, from rating under review. The credit rating …

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Chairman Irakli Gilauri Leaves Bank of Georgia

Irakli Gilauri

Within the division of BGEO, changes in the Bank’s Supervisory Board have already been officially registered. Irakli Gilauri moved to the Bank of Georgia’s Supervisory Board from September 2015, before that, he served as the General Director of “Bank of Georgia”from May 2006 to September 2015. Who will replace Gilauri …

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BGEO: Economic Growth in 2018 will Be About 5%

The BGEO Group supervisory board chairman expects a 5% economic upturn in 2018. Irakli Gilauri told the Bonds&Loans that Georgia has attained a quite impressive economic upturn in January-September amid the regional tendencies. Introduction of the so-called Estonian Model has preconditioned economic growth in Georgia, Gilauri added. “We follow the …

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Changes in Bank of Georgia and BGEO Management

Changes have taken place in the management of Bank of Georgia and BGEO. Namely, David Tsiklauri was appointed a deputy director general of Bank of Georgia with focus on financial direction, Levan Kulijanashvili – deputy director general with focus on operational direction and Vasil Khodeli – deputy director general with …

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London Stock Exchange Makes Deals on 456 000 BGEO Shares

Price of Bank of Georgia shares (BGEO LN) at London Stock Exchange (LSE) made up 32.92-34.83 GBP (L/m – GBP34.25 – 35.90). The price declined by 4.3% week on week, by 7.84% month on month. According to G&T analytics, deals were made on more than 456 000 shares (60 000 …

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BGEO’s Bank of Georgia Signs One-year $75m Facility

BGEO Group subsidiary JSC Bank of Georgia has signed a one-year $75m club trade finance facility arranged by Citi in collaboration with the bank’s long-term partner international financial institutions Asian Development Bank and International Finance Corporation. The FTSE 250 firm said the facility is the fourth successful syndication arranged by Citi for JSC Bank of Georgia, and …

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