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
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Bank Of Georgia Group (BGEO)
