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BGEO.L on London Stock Exchange

18 Jan 2017
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Latest Key Developments (Source: Significant Developments)

Georgia's BGEO buys loan portfolio from JSC ProCredit Bank
Tuesday, 13 Dec 2016 02:13am EST 

BGEO Group Plc : JSC Bank Of Georgia purchases a micro and small business loan portfolio from JSC ProCredit Bank .Transaction will add c.2,400 micro and small business clients and a net value of c.GEL 120 million loans to BOG's retail banking loan portfolio.  Full Article

Georgia's BGEO says its water utility issues gel 30 mln local currency bond
Monday, 12 Dec 2016 02:04am EST 

BGEO Group Plc : BGEO group's water utility business issues gel30 million local currency bond . Bonds were issued with a 5 year tenor, with an annual coupon rate of national bank of georgia local currency refinancing rate plus 3.5 pct . Has successfully placed a gel30 million local currency bond for its water utility business unit, Georgian Water And Power LLC .Galt & Taggart acted as a joint placement agent.  Full Article

BGEO Group H1 profit rises about 48 pct
Tuesday, 16 Aug 2016 02:00am EDT 

Bgeo Group Plc : Half-Year report . Says H1 revenue was 368.1 mln Georgian lari (up 2.2 pct y-o-y) . Says H1 EPS was 4.57 Georgian lari($1.94 per share/1.46 stg per share), up 31.7 pct year-on-year . Says H1 profit was 198.3 mln Georgian Lari ($84.7 mln/ 63.2 mln stg), up 47.6 pct year-on-year . Says H1 NIM was 7.5 pct (down 30 basis points y-o-y) . Says H1 cost to income ratio stood at 38.0 pct (36.2 pct in H1 2015) . Says book value per share was 51.46 georgian lari, up 23.3 pct year-on-year . Says total assets increased to 10.3 mln georgian lari, up 10.1 pct year-on-year . Says Q2 profit was Georgian lari 111.2 mln ($47.5mln/ 35.4 mln stg), up 54.4 pct year-on-year . Says Q2 2016 earnings per share ("eps") were 2.46 Georgian lari ($1.05 per share/0.78 stg per share), up 33.7 pct year-on-year . Says total equity attributable to shareholders of 1.97 bln Georgian lari, up 23.4 pct y-o-y . Says as of Aug. 12 2016, 253.1 mln Georgian lari cash and cash equivalents . Says H1 loan yield was 14.3 pct (down 30 bps y-o-y) . Says H1 cost of risk ratio stood at 2.1 pct (2.9 pct in 1h15) . Says H1 ROAA was 3.2 pct (2.9 pct in 1h15) .Says H1 ROAE was 21.7 pct (19.3 pct in 1h15).  Full Article

Bank of Georgia signs GEL 60 million 5-year loan agreement with BSTDB
Friday, 5 Aug 2016 02:08am EDT 

BGEO Group Plc : This long-term local currency loan facility will be used to finance investments and working capital needs of local businesses in rural and urban areas of georgia .Bank of Georgia signs GEL 60 million 5-year loan agreement with BSTDB.  Full Article

BGEO Group says signs 220 mln lari loan agreement with EBRD
Friday, 27 May 2016 04:08am EDT 

Bgeo Group Plc : Bog signs a c.gel 220 mln loan agreement with ebrd . Have signed a c.gel 220 million loan agreement, with a maturity of five-years. .Loan will enable bog to issue longer-term local currency loans.  Full Article

BGEO Q1 profit rises about 40 pct year-on-year
Tuesday, 24 May 2016 02:02am EDT 

BGEO Group Plc : 1Q16 profit was gel 87.0mln (us$ 36.8mln/gbp 25.5mln), up 39.6% y-o-y . Intends to recommend an annual dividend of gel 2.4 per share payable in british pound sterling at prevailing rate . Total assets increased to gel 10,077.6mln, up 11.6% y-o-y and down 0.4% q-o-q .Revenue was gel 184.1mln (up 3.7% y-o-y and down 8.5% q-o-q).  Full Article

Bank of Georgia Holdings PLC declares dividend
Monday, 8 Jun 2015 09:06am EDT 

Bank of Georgia Holdings PLC:Approves declaration of a final dividend of Georgian Lari 2.1 per share in respect of the year ended Dec. 31, 2014, payable to ordinary shareholders of the Company in British Pounds Sterling.Ex-Dividend Date: June 04.Record Date: June 05.Currency Conversion Date: June 08.Payment Date : June 16.Company hereby confirms that the National Bank of Georgia Georgian Lari/British Pounds Sterling exchange rate as of June 08 is 3.5110.  Full Article

Bank of Georgia Holdings healthcare subsidiary acquires new hospital
Monday, 1 Jun 2015 02:01am EDT 

Bank of Georgia Holdings PLC:Announces that Georgia Healthcare Group, the Bank 's health care subsidiary, has signed a binding Memorandum of Understanding.Says the MoU is to acquire 50.0 pct equity interest in GNCo, with effective management and operational control over the company.  Full Article

Bank of Georgia Holdings PLC's healthcare subsidiary acquires a hospital
Wednesday, 20 May 2015 08:44am EDT 

Bank of Georgia Holdings PLC:Says that Georgia Healthcare Group, the B ank's heal th care subsidiary, has signed binding contract to acquire a 95 pct equity interest, subject to relevant regulatory approvals, in Deka LLC.Deka owns a hospital with a 350 bed capacity and is located on 2.4 ha. land in a prime location in Tbilisi.Currently c.80 beds are operational and the rest require refurbishment. The acquisition was financed from the proceeds of the BGH capital raise in Dec. 2014.Says the renovation and development of the acquired hospital capacity is expected to take approximately 12 months and is anticipated to be financed through proceeds from the stock exchange listing of GHG which is planned for later this year.Acquisition of this new hospital facility is consistent with the company's previously announced strategy to scale up its healthcare business through targeted acquisitions in Tbilisi.Following this transaction, and planned development of the hospital, GHG's portfolio will include 40 healthcare facilities and 2,490 hospital beds across Georgia, further widening the gap with the next largest player, by number of beds.  Full Article

Bank of Georgia Holdings PLC declares dividend
Thursday, 9 Apr 2015 02:00am EDT 

Bank of Georgia Holdings PLC:Intents to recommend an annual dividend in the amount of GEL 2.1 per share.The ex-dividend date is June 4.The record date is June 5.The payment date is June 16.  Full Article

Georgian banking group BGEO's profit rises 75 pct

Nov 21 BGEO Group Plc, the holding company of JSC Bank of Georgia, on Monday reported a 75 percent increase in third-quarter profit, helped by higher income in its banking and healthcare businesses.