Bank Of Georgia Group Share News (BGEO)

IN BRIEF: Bank of Georgia profit up on Georgian economy strength

Bank of Georgia Group PLC - Tbilisi, Georgia-based lender - Says it is benefiting from the strength of the Georgian economy as profit, net interest income and dividends rise. In the six months to June 30, pretax profit grows 53% to GEL573.7 million, about GBP173.2 million, from GEL375.2 million a year ago. Net interest income climbs 25% to GEL552.6 million from GEL440.6 million. Declares GEL1.85 dividend per share, up 25% from GEL1.48.

IN BRIEF: Georgia Capital assets fall as Ukraine war hurts portfolio

Georgia Capital PLC - Tbilisi, Georgia-based investor in businesses in Georgia - Ends first half to June 30 with net asset value per share of GEL52.71, or GBP14.78, which is down 16% from GEL63.03 on December 31. Total portfolio value falls 25% to GEL2.71 billion from GEL3.62 billion. The value fall is pinned on Russia's invasion of Ukraine, with Georgia Capital's private portfolio suffering, as well as a GEL317.5 million hit to London-listed Bank of Georgia Group PLC's valuation. BoG's shares slumped 21% in the first 6 months of 2022. The bank makes up 17% of firm's total portfolio.

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Bank of Georgia repurchases USD16.2 million Eurobonds

Bank of Georgia Group PLC - Tbilisi, Georgia-based lender - Subsidiary JSC Bank of Georgia buys back USD16.2 million notes due 2023. The notes were issued in July 2016. Following the repurchase, Bank of Georgia holds USD103.3 million of the 2023 notes, 30% of the number issued.

UK shareholder meetings calendar - next 7 days

TOP NEWS: Centrica warms up for FTSE 100 as Royal Mail sent packing

(Alliance News) - FTSE Russell confirmed on Wednesday that the following changes will take effect to its UK indices from the market open on Monday, June 20 after completing its quarterly review.

IN BRIEF: Bank of Georgia subsidiary signs USD50 million facility

Bank of Georgia Group PLC - Tbilisi, Georgia-based lender - Notes its subsidiary, JSC Bank of Georgia, signed a USD50 million additional tier 1 capital perpetual subordinated syndicated facility. The European Bank for Reconstruction & Development and Swedfund International AB are the lenders. Expects the facility to be included in the additional tier 1 capital of the bank. Says it will provide the bank with an opportunity to further diversify its capital structure from a foreign currency perspective.

DIRECTOR DEALINGS: Non-Exec Breach buys more Bank of Georgia shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately reported by Alliance News:

Centrica and Johnson Matthey indicated to join FTSE 100, Asos in 250

(Alliance News) - British Gas-owner Centrica PLC and chemical firm Johnson Matthey PLC are set to return to the FTSE 100 index next month, replacing television broadcaster ITV PLC and postal operator Royal Mail PLC, according to indicative changes released by FTSE Russell on Tuesday.

IN BRIEF: Bank of Georgia director Breach buys GBP560,000 in shares

Bank of Georgia Group PLC - Tbilisi, Georgia-based lender - Non-Executive Director Alasdair Breach buys 43,031 shares via Gemsstock Ltd at GBP12.68 and GBP13.47, worth GBP563,635, on Monday and on Friday last week. Breach had bought GBP3.6 million in Bank of Georgia shares back in early March.

Director dealings: Bank of Georgia, Watkin Jones chairs buy shares

(Sharecast News) - Bank of Georgia Group was at the top of the list of director buys on Tuesday, after its non-executive chairman was linked to a purchase worth more than £0.24m.

DIRECTOR DEALINGS: Compass director Raman purchases GBP89,000 in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Friday and not separately reported by Alliance News:

IN BRIEF: Bank of Georgia first quarter earnings climbs

Bank of Georgia Group PLC - Tbilisi, Georgia-based lender - Pretax profit in first quarter of 2022 rises 74% to GEL265.1 million, about GBP70.9 million, from GEL152.3 million a year prior. Operating income increases 30% to GEL395.7 million from GEL303.6 million, with net interest income growing 28% to GEL271.5 million from GEL212.3 million. Bank of Georgia's net interest margin improves to 5.3% from 4.5%.

SMALL-CAP WINNERS & LOSERS: Bank of Georgia grows; Dignity profit down

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.