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BGEO Group PLC (BGEO.L)

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Mon, Nov 21 2016

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.

BRIEF-BGEO Group reports Q3 profit of $60.8 mln, up 75 pct Y-O-Y

* Says Q3 profit was 141.5 mln Georgian lari ($60.8mln/ 46.7 mln stg), up 75.0 pct y-o-y

BRIEF-Georgia's BGEO splits retail banking, consolidating utilities and energy units

* Archil Gachechiladze will be appointed CEO of Georgia Global Utilities ("GGU"), utilities and energy business of group

BRIEF-BGEO Group appoints Kakhaber Kiknavelidze as CEO for JSC Bank

* Announces appointment of Kakhaber Kiknavelidze as chief executive officer of JSC Bank of Georgia, with immediate effect

Georgia's BGEO Group appoints CEO for JSC Bank

Sept 7 BGEO Group Plc, the holding company for JSC Bank of Georgia, said it had appointed Kakhaber Kiknavelidze as CEO of JSC Bank of Georgia with immediate effect.

BRIEF-BGEO Group H1 profit rises about 48 pct

* Says H1 revenue was 368.1 mln Georgian lari (up 2.2 pct y-o-y)

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