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Share Price Information for Bank Of Georgia Group (BGEO)

London Stock Exchange
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Share Price: 3,710.00
Bid: 3,720.00
Ask: 3,750.00
Change: 30.00 (0.82%)
Spread: 30.00 (0.806%)
Open: 3,695.00
High: 3,790.00
Low: 3,670.00
Prev. Close: 3,680.00
BGEO Live PriceLast checked at -

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

Tue, 16th Aug 2022 09:54

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.

"The ongoing strength of the Georgian economy, and our focus on developing our digital presence and excellent customer experience, are ensuring that we remain well-positioned to continue to deliver on our key financial priorities: strong growth and high profitability," Chief Executive Officer Archil Gachechiladze says.

Current stock price: 1,920.08 pence, up 5.0% on Tuesday

12-month change: up 26%

By Tom Budszus; tombudszus@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Bank of Georgia and TBC note nine-month banking profits

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