Bank of Georgia Group PLC BOG supports launch of a real estate platform (2287P)
06 Febrero 2019 - 3:00AM
UK Regulatory
TIDMBGEO
RNS Number : 2287P
Bank of Georgia Group PLC
06 February 2019
London, 6 February 2019
Bank of Georgia supports launch of a real estate digital
platform
Bank of Georgia Group PLC ("the Group") announces that the Group
has launched a cutting-edge full-service real estate digital
platform Area.ge - a platform that is unique in doing business in
the Georgian real estate market. Area.ge offers a single space for
the more convenient, timely and efficient interaction and
information exchange to all stakeholders involved in buying,
selling, renting and developing real estate in Georgia. The
platform stands out with the most up-to-date, comprehensive and
reliable offerings in the Georgian real estate market and is the
first platform which is fully integrated with the Bank to provide
its users a "one-click" live credit limit appraisal and mortgage
application experience. The portal can be accessed through the
following link: https://beta.area.ge
Levan Kobakhidze, Area.ge's general manager commented: "Area.ge
is a technologically advanced real estate platform that offers its
clients a new standard of online services, web search and
navigation, and credibility of its offerings. Our main goal is to
bring together all real estate stakeholders, namely, the agents,
developers, landlords, renters, buyers and funding providers under
a single umbrella and offer them a unique opportunity to
communicate, stay informed and execute the best possible
transactions. Area.ge is equipped with customer propensity
detecting systems that enable us to show our clients tailor-made
offers within their financial capacity and deliver superior
customer experience."
Archil Gachechiladze, Bank of Georgia's CEO commented: "Bank of
Georgia continues to be at the top of digital offerings in the
local market, and Area.ge is our latest investment in this
endeavour. Our focus is to harness our market expertise and access
to modern technology in order to give our existing and potential
clients unique opportunities to get even more benefits from their
relationship with Bank of Georgia."
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
+995 322 444 144 +44 203 178 4034 +995 322 444 108 (9282)
agachechiladze@bog.ge moliver@bgeo.com dtsiklauri@bog.ge ir@bog.ge
This news report is presented for general informational purposes
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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