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Tag Archives: Kakha Kiknavelidze

BGEO Awarded Top Management with Shares of 4.9 MLN GBP

BGEO Awarded Top Management with Shares of 4.9 MLN GBP

Top Management of BGEO Group were awarded with shares as bonuses. The shares of leading banking-finance group were given to Irakli Gilauri, General Director, as well as members of directorate: Avtandil Namicheishvili, Kakha Kiknavelidze (CEO of Bank of Georgia), Davit Tsiklauri, Giorgi Alpaidze and Eka Shavgulidze. The managers received shares …

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Bank of Georgia Expects 5.5% Upturn in 2018

Kakha Kiknavelidze: Bank of Georgia Has a Great Development Plan

In January 2018 GEL exchange rate has considerably strengthened. Bank of Georgia director general Kakha Kiknavelidze told BM.GE that the bank has positive expectations in relation to GEL exchange rate. Based on forecasts by analysts, economic growth in 2018 will be 5.5%. “Georgia’s macroeconomic situation is absolutely healthy and we …

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Bank of Georgia is the Most Profitable Bank in the Country

Bank of Georgia is the Most Profitable

Bank of Georgia is the most profitable. As of January 1, ROE totals to 2.73% (2016 – 2.46%), while ROA – 31.5% (2016 – 21%). Bank’s assets are determined by 11.898 billion GEL, market share – 34.4% (2016 – 10.087 billion; 33.5%). Deposit portfolio (non-banking) – 6.702 billion GEL, share …

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Bank of Georgia Received Another Award of Global Finance

Bank of Georgia Received Another Award of Global Finance

Bank of Georgia announced another award of Global Finance in the Best Personal Banking Service in Georgia 2018”. The international edition reveals the leaders of this nomination for the third time. “The award confirms highest standards of services offered by Bank of Georgia to the clients in the management of …

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Kakha Kiknavelidze: Bank of Georgia Has a Great Development Plan

Kakha Kiknavelidze: Bank of Georgia Has a Great Development Plan

Management of Bank of Georgia consider market position of the bank neither satisfactory nor good. They regard it as the best. According to Kakha Kiknavelidze, CEO of the Bank, he is very satisfactory with the results of H1, 2017. The bank keeps the leading positions on the market and has …

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Kakha Kiknavelidze: BGEO Separation will Affect Bank’s Corporate Portfolio

Splitting BGEO in investment and banking segments will make effect on corporate portfolio. These changes will move the group to a new stage of development, after 10-year successful period. The bank maintains leading ambitions and will carry out aggressive marketing campaign for positioning, Kiknavelidze said. After the separation, the bank …

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