Bank of Georgia Group PLC Directorate Change (4232U)
December 03 2021 - 1:00AM
UK Regulatory
TIDMBGEO
RNS Number : 4232U
Bank of Georgia Group PLC
03 December 2021
London, 3 December 2021
Bank of Georgia Group PLC announces Board Committee change
Further to Bank of Georgia Group PLC's ("Bank of Georgia Group"
or the "Group") announcement of 15 March 2021, the Group announces
that Véronique McCarroll, an independent non-executive director,
will replace Tamaz Georgadze as Chair of the Risk Committee,
effective from 1 January 2022. Mr Georgadze will remain a member of
the Risk Committee. The membership of the Risk Committee is
otherwise unchanged.
This announcement has been made in accordance with the
requirements of Listing Rule 9.6.11.
Name of authorised official of issuer responsible for making
notification:
Link Company Matters Limited - Company Secretary
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
banking and investment banking operations in Georgia; and c)
banking operations in Belarus ("BNB"). JSC Bank of Georgia ("Bank
of Georgia", "BOG" or the "Bank"), the systemically important and
leading universal bank in Georgia, is the core entity of the Group.
The Bank is a leader in payments business and financial mobile
application, with the strong retail and corporate banking franchise
in Georgia. With a continued focus on increasing digitalisation and
expanding technological and data analytics capabilities, the Group
aims to offer more personalised solutions and seamless experiences
to its customers to enable them to achieve more of their potential.
The Group aims to benefit from growth of the Georgian economy, and
through both its Retail Banking and Corporate and Investment
Banking services targets to deliver on its strategy, which is based
on at least 20% ROAE and c.10% growth of its loan book in the
medium-term .
JSC Bank of Georgia has, as of the
date hereof, the following credit
ratings:
Fitch Ratings 'BB-/B'
Moody's 'Ba2/NP'
For further information, please visit www.bankofgeorgiagroup.com
or contact:
Archil Gachechiladze Michael Oliver Sulkhan Gvalia Natia Kalandarishvili
CEO Adviser to the 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 sgvalia@bog.ge ir@bog.ge
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END
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