BGEO Group PLC (BGEO.L)
Wed, Sep 7 2016
* Announces appointment of Kakhaber Kiknavelidze as chief executive officer of JSC Bank of Georgia, with immediate effect
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.
* Says H1 revenue was 368.1 mln Georgian lari (up 2.2 pct y-o-y)
(The following statement was released by the rating agency) MOSCOW, June 15 (Fitch) Fitch Ratings has published BGEO Group's (BGEO) Long-Term Issuer Default Rating (IDR) of 'BB-' with a Stable Outlook. BGEO is Bank of Georgia's (BoG; BB-/Stable/bb-) direct holding company, domiciled in Georgia. A full list of rating actions is available at the end of this rating action commentary. KEY RATING DRIVERS BGEO's ratings reflect Fitch's view that the default risk of the holding company (holdco) i
* 1Q16 profit was gel 87.0mln (us$ 36.8mln/gbp 25.5mln), up 39.6% y-o-y