Natela Turnava: International Recognition of Bank of Georgia Highlights the Strength of Georgia’s Banking Sector
The National Bank of Georgia congratulates one of the largest financial institutions in the country, Bank of Georgia, on receiving international recognition in global capital markets for its quality, scale and sustainability.
Bank of Georgia, as a financial institution within Lion Finance Group, has become the first company from Georgia to join the London Stock Exchange’s FTSE 100 index, placing it among the world’s leading corporations alongside companies such as HSBC, BP, Unilever, Rolls-Royce Holdings, Shell and Barclays.
“I congratulate Bank of Georgia on this significant achievement. It once again highlights that Georgia’s banking system today is strong, reliable and one of the regional leaders in terms of innovation. Over the years, Georgia’s banking sector has developed successfully and has become one of the most attractive sectors for foreign investors and investments. In recent years, the Georgian banking sector has received positive assessments from a number of influential rating agencies and international financial institutions. As the regulator of the financial sector, the National Bank of Georgia will continue to make every effort to ensure that the country’s banking system becomes even more resilient, trustworthy and attractive,” said Natela Turnava.
Following the close of trading on the London Stock Exchange on March 4, Bank of Georgia, as part of Lion Finance Group, entered the FTSE 100 index. The milestone follows years of continuous technological development, the creation of world-class digital products, the implementation of a customer-centric model, regional expansion and other strategic advancements.
Lion Finance Group is a banking group listed on the London Stock Exchange that brings together leading, customer-focused and digitally accessible universal banks, including Bank of Georgia and Ameriabank.
The group was first listed on the London Stock Exchange in 2006 and joined the FTSE 250 index in 2012.
