, logo = Bank of Georgia logo.png , image = , image_size = , image_caption = Bank of Georgia , type = PLC , traded_as = , area_served =

Georgia Georgia most commonly refers to: * Georgia (country), a country in the Caucasus region of Eurasia * Georgia (U.S. state), a state in the Southeast United States Georgia may also refer to: Places Historical states and entities * Related to the ...

, key_people = Mel Carvill
(Non-Executive Chairman)
Archil Gachechiladze
( CEO) , industry = Banking
Financial services , products = Retail banking

Corporate Banking Wholesale banking is the provision of services by banks to larger customers or organizations such as mortgage brokers, large corporate clients, mid-sized companies, real estate developers and investors, international trade finance businesses, ...

Trade Finance Trade finance is a phrase used to describe different strategies that are employed to make international trade easier. It signifies financing for trade, and it concerns both domestic and international trade transactions. A trade transaction require ...

Wealth Management Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high ...

investment management
SME finance , revenue =

GEL A gel is a semi-solid that can have properties ranging from soft and weak to hard and tough. Gels are defined as a substantially dilute cross-linked system, which exhibits no flow when in the steady-state, although the liquid phase may still dif ...

1,365.7 million (2021) , operating_income = GEL801.9 million (2021) , net_income = GEL727.1 million (2021) , aum = , assets = , equity = , owner = , num_employees = , subsid = , homepage
bog.geboggroup.com
, footnotes = , foundation = 1903 , location_city =

Tbilisi Tbilisi ( ; ka, თბილისი ), in some languages still known by its pre-1936 name Tiflis ( ), is the capital and the largest city of Georgia, lying on the banks of the Kura River with a population of approximately 1.5 million p ...

, location_country =

, caption = , dissolved = Bank of Georgia Group PLC () (“Bank of Georgia Group”, the “Group”, or “BOGG” and on the LSE: BGEO LN) is a UK incorporated holding company. The group comprises a retail banking and payments business, and a corporate banking and investment banking business, both operating in Georgia. The company is listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St P ...

and is a constituent of the FTSE 250 Index.

History

The bank was established in 1903, nationalized by the communists and became known as Binsotsbank before it was privatized again and renamed the Bank of Georgia in 1994. Bank of Georgia was first listed on the Georgian Stock Exchange in 2001 and then merged with Tbiluniversalbank in 2004. Starting from 2004, Bank of Georgia completed a number of strategic acquisitions, introduced a series of packaged retail products and initiated major infrastructure upgrades. This is when the Bank launched its private banking, placed debut corporate bonds on the Georgian Stock Exchange. The period following the listing was marked by its first Eurobond issuances, further acquisitions and new partnerships (e.g. American Express). Bank of Georgia was listed on

through global depositary receipts in 2007. Bank of Georgia gained a premium listing on the

in April 2012. On 15 June 2012 Bank of Georgia joined the FTSE 250 Index. Bank of Georgia diversified its revenue sources by entering non-banking sectors in healthcare and real estate, which later became the Group’s Investment Business arm. In 2017, the decision was made to demerge BGEO Group PLC into two separately listed and independently managed public companies – Bank of Georgia Group PLC, the Banking Business, and Georgia Capital PLC, the Investment Business. The Demerger was completed on 29 May 2018. In 2018, Georgia Capital issued Eurobonds which were listed and traded on the Irish Stock Exchange. In 2020, the European Investment Bank signed a €50 million loan deal with the Bank of Georgia for small and medium enterprises (SMEs) and mid-caps. Bank of Georgia typically lends the funds to local businesses, such as the Swiss Agricultural School Caucasus.

Operations

Bank of Georgia has one of the largest distribution networks in Georgia, comprising 211 branches, 989 ATMs, 3,134 self-service terminals and a call center.

Shareholders

As at 31 March 2022, the Group’s top ten shareholders were JSC Georgia Capital (19.90%), Harding Loevner LP (4.30%), Fidelity Investments (3.70%), Van Eck Associates Corporation (3.50%), M&G Investment Management Ltd (3.40%), Dimensional Fund Advisors (DFA) LP (3.40%), Vanguard Group Inc (2.50%), GLG Partners LP (2.40%), Tiger Management LLC (2.10%), Standard Life Investments (2.10%).

References

External links

Bank of Georgia (English website)
{{Authority control Banks of Georgia (country) Banks established in 1903 Companies based in Tbilisi Brands of Georgia (country) Companies listed on the London Stock Exchange Companies listed on the Georgian Stock Exchange Companies nationalised by the Soviet Union