Bank of Georgia Group PLC BOG opens a brand new office for its WM business (2421O)
28 Enero 2019 - 1:00AM
UK Regulatory
TIDMBGEO
RNS Number : 2421O
Bank of Georgia Group PLC
28 January 2019
London, 28 January 2019
Bank of Georgia opens a brand new office for its Wealth
Management business
Bank of Georgia Group PLC ("the Group") announces that on 25
January JSC Bank of Georgia (the "Bank" or "Bank of Georgia")
opened a brand new office in the centre of Tbilisi's Freedom
Square, dedicated to serving its Wealth Management clients. The
office resides in a historic 19(th) century building, which
originally used to house the First Credit Society of Georgia and is
considered to be the first residence of a local banking
institution. The branch office was renovated by the Italian design
company DINN!. The design concept was derived from the integration
of Georgian culture with western values, while the artistic
expression of the building has been left intact.
Bank of Georgia has offered wealth management services since
2005 and currently serves more than 1,500 clients from
approximately 80 countries. The Wealth Management business has
representation in Tbilisi, London, Budapest, Tel Aviv, Istanbul and
Limassol.
Archil Gachechiladze, Bank of Georgia's CEO commented: "I am
delighted that Bank of Georgia will continue to offer its superior
wealth management services from this new office in the heart of
Tbilisi. The opening of the office in such a historically
significant and symbolic building in the capital coincides with a
creation of a new brand identity of Bank of Georgia's Wealth
Management business, which is grounded on the virtues of both
Georgia and the Bank. The country has superior qualities to offer
to investors: it is politically and economically stable; it has an
exceptionally healthy and profitable financial sector, and it is
one of the best countries in the world to do business. Bank of
Georgia is innovative, experienced and a highly trustworthy
financial partner in Georgia - all of which makes it best suited to
become the regional hub for private banking."
Name of authorised official of issuer responsible for making
notification: Natia Kalandarishvili, Head of Investor Relations and
Funding
About Bank of Georgia Group PLC
Bank of Georgia Group PLC ("Bank of Georgia Group" or the
"Group" - LSE: BGEO LN) is a UK incorporated holding company, which
comprises: a) retail banking and payment services, b) corporate
investment banking and wealth management operations and c) banking
operations in Belarus ("BNB"). JSC Bank of Georgia ("Bank of
Georgia", "BOG" or the "Bank"), the leading universal bank in
Georgia, is the core entity of the Group. The Group targets to
benefit from superior growth of the Georgian economy through both
its retail banking and corporate investment banking services and
aims to deliver on its strategy, which is based on at least 20%
ROAE and 15%-20% growth of its loan book.
JSC Bank of Georgia has, as of
the date hereof, the following
credit ratings:
Fitch Ratings 'BB-/B'
Moody's 'Ba3/NP' (FC) &
'Ba2/NP' (LC)
For further information, please visit www.bankofgeorgiagroup.com
or contact:
Archil Gachechiladze Michael Oliver David Tsiklauri Natia Kalandarishvili
Group CEO Adviser to the Group CFO Head of Investor
CEO Relations
+995 322 444 444
+995 322 444 126 +44 203 178 4034 +995 322 444 108 (9282)
agachechiladze@bog.ge moliver@bgeo.com dtsiklauri@bog.ge ir@bog.ge
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only and should not be construed as an offer to sell or the
solicitation of an offer to buy any securities
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END
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