http://bankofgeorgia.ge/en/ir/shareholder-information/analyst-corporate-advis

Bank of Georgia is Georgia’s is the leading bank in Georgia, with more than a third of the market share in Georgia based on total assets, total loans, total deposits and total shareholders’ equity. The bank offers a broad range retail banking, corporate banking, wealth management, brokerage and insurance services to its clients. As of 31 March 2012, the Bank served approximately one million client accounts through one of the largest distribution networks in Georgia, with 164 branches, including full-service flagship branches service centres and smaller-scale outlets, the country’s largest ATM network, comprising 431 ATMs, 104 self service terminals and a full-service remote banking platform and a modern call center.

Selected key elements of the Bank of Georgia’s strategy are to maintain its leading position in the growing and still under-penetrated Georgian banking market, focus on profitable growth, increase the Bank's loan portfolio while maintaining asset quality, and to capture growth and synergies in the Georgian insurance, healthcare and affordable housing sectors.

Bank of Georgia’s UK incorporated holding company Bank of Georgia Holdings plc is listed on the main market of the London Stock Exchange (BGEO:LN). Bank of Georgia remains to be the only Georgian entity to be rated by all three global rating agencies: ‘BB-/B’ from Standard & Poor’s, ‘B1/NP’ (FC) & ‘Ba3/NP’ (LC) from Moody’s and ‘BB-/B’ from Fitch Ratings.

JSC Bank of Georgia’s UK incorporated holding company Bank of Georgia Holdings PLC is listed on the main market of the London Stock Exchange (BGEO LN) since February 2012

Bank of Georgia further cuts deposit rates

RNS


RNS Number : 1923G

Bank of Georgia Holdings PLC

04 June 2013


London, 4 June 2013

Bank of Georgia further cuts deposit rates


Bank of Georgia Holdings PLC ("BGH"), the holding company of JSC Bank of Georgia ("the Bank"), Georgia's leading bank announces that the Bank has decreased interest rates on its foreign currency (predominantly US$ denominated) and Georgian Lari (GEL) retail, corporate and wealth management term deposits, in line with the bank's strategy and general trend across the Georgian economy. Interest rates have been reduced by up to 150 bps on one year US$ denominated deposits. Since the year-end 2012, the interest rates on US$ denominated deposits have been reduced by 300 bps. The contractual rate on foreign currency 12 month deposit were brought down to 5.0%, the lowest ever rate offered by a Georgian bank. Interest rates on the deposits with different maturities have been adjusted accordingly.



"We are delighted that the strength of our franchise and strong liquidity levels enable us to make further reductions on client deposits on the back of continuous deposit inflows since the year-end. As a result of active liability management we have reached a record low cost of deposits in Q1 2013 and the subsequent interest rate cuts are expected to further improve our cost of funds.

The interest rate cuts also reflect our efforts to support the de-dollarisation of our balance sheet. The reduced rates on the US$ denominated deposits make GEL denominated deposits more attractive for our customers. At the same time, we expect de-dollarisation of the asset side of the balance sheet as we seek to capitalise on the recently introduced GEL lending programme by the National Bank of Georgia (the NBG), which involves a repo transaction with the NBG ultimately providing our clients with floating rate loans denominated in the national currency linked to the NBG's refinancing rate," commented Irakli Gilauri, Chief Executive Officer.

Bank of Georgia signs financing package with EBRD
Wed 05 Jun 2013

BGEO - Bank of Georgia Holdings

Bank of Georgia signs financing package with EBRD LONDON (SHARECAST) - FTSE 250-listed Bank of Georgia has signed a loan agreement with the European Bank for Reconstruction and Development (EBRD) for 10.0m dollars under the EBRD's Caucasus Energy Efficiency Programme (CEEP).

The loan has a maturity of five years and Bank of Georgia, the holding company of JSC Bank of Georgia, said it would be used for on-lending to private sector entities with a view to finance energy efficiency and rational energy utilization investments.

The bank said that technical cooperation and grant support for the operation had been provided by the Austrian Government and the European Union through the Neighbourhood Investment Facility and would fund technical assistance and incentives to end-borrowers.

EBRD would also facilitate the launch of International Factoring, by providing a €10.0m facility under its Trade Facilitation Programme (TFP) to the bank.

Irakli Gilauri, Chief Executive Officer of Bank of Georgia, said: "As the first Georgian bank to introduce factoring product to the Georgian market in 2007, I am very pleased that the launch of International Factoring within the EBRD's TFP will allow Bank of Georgia to expand the range of the products offered to its corporate clients and will contribute to the expansion of international trade operations of the bank".

Bruno Balvanera, EBRD Director for Caucasus, Moldova and Belarus, commented: "EBRD is delighted to work with its long-standing partner bank to continue to finance the real economy, particularly, the energy efficiency lending."

Bank of Georgia’s share price was down 1.72% to 1,827p at 11:29 on Wednesday.

Dividend Declaration

RNS


RNS Number : 6626G

Bank of Georgia Holdings PLC

10 June 2013


London, 10 June 2013

Dividend Announcement


On 23 May 2013, the shareholders of Bank of Georgia Holdings PLC (the Company) (LSE: BGEO LN), the holding company of JSC Bank of Georgia (the Bank), Georgia's leading bank, approved the declaration of a final dividend of Georgian Lari 1.50 per share, payable to ordinary shareholders of the Company in British Pounds Sterling pursuant to the following timetable:



Ex-Dividend Date: 5 June 2013

Record Date: 7 June 2013

Currency Conversion Date: 10 June 2013

Payment Date: 19 June 2013



The Company hereby confirms that the National Bank of Georgia Georgian Lari/British Pounds Sterling exchange rate as of 10 June 2013 is 2.6051 and shall be used to pay dividends to ordinary shareholders of the Company on 19 June 2013.



Those shareholders who have not provided their appropriate bank account details to Computershare Investor Services PLC for payment of the dividend will be paid the dividend by cheque in British Pounds Sterling.





Name of authorised official of issuer responsible for making notification:



Kate Bennett Rea, Company Secretary

"Ex-Dividend Date: 5 June 2013".. Wrong date alert surely DC -):

Below is from the company site Stan, sorry late coming back.


Dividend Announcement
On 23 May 2013, the shareholders of Bank of Georgia Holdings PLC (the Company) (LSE: BGEO
LN), the holding company of JSC Bank of Georgia (the Bank), Georgia's leading bank, approved the
declaration of a final dividend of Georgian Lari 1.50 per share, payable to ordinary shareholders of the
Company in British Pounds Sterling pursuant to the following timetable:
Ex-Dividend Date: 5 June 2013
Record Date: 7 June 2013
Currency Conversion Date: 10 June 2013
Payment Date: 19 June 2013
The Company hereby confirms that the National Bank of Georgia Georgian Lari/British Pounds
Sterling exchange rate as of 10 June 2013 is 2.6051 and shall be used to pay dividends to ordinary
shareholders of the Company on 19 June 2013.
Those shareholders who have not provided their appropriate bank account details to Computershare
Investor Services PLC for payment of the dividend will be paid the dividend by cheque in British
Pounds Sterling.
Name of authorised official of issuer responsible for making notification:
Kate Bennett Rea, Company Secretary

Consensus recommendation

As of Jul 05, 2013, the consensus forecast amongst 10 polled investment analysts covering Bank of Georgia Holdings PLC advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts deteriorated on May 13, 2013. The previous consensus forecast advised investors to purchase equity in Bank of Georgia Holdings PLC.
.


Climbing hard over the last week.

BGH Announces Appointment of CRO

RNS Number : 8472J

Bank of Georgia Holdings PLC

22 July 2013

London, 22 July 2013

Bank of Georgia Announces Appointment of Chief Risk Officer



Bank of Georgia Holdings PLC ("BGH"), the holding company of JSC Bank of Georgia ("the Bank"), Georgia's leading bank announces that George Chiladze has been appointed as the Chief Risk Officer (CRO) of the Bank, effective 1st September 2013. The position has been vacant since May 2013 following executive management reshuffle, which saw Sulkhan Gvalia, CRO at the time, taking the position of Deputy CEO for Corporate Banking. George has served as Deputy CEO for Finance at Bank of Georgia from 2008 to 2011.



"I am excited to welcome George back to our team. Having served at Bank of Georgia as Deputy CEO, Finance for more than three years, George has a thorough knowledge and understanding of the Bank, which will ensure continuity and smooth transition. We are very fortunate that George has rejoined us and I look forward to the contributions he will make in his new role" commented Irakli Gilauri, Chief Executive Officer.



After leaving Bank of Georgia in 2011, George joined Partnership Fund* in the capacity of Deputy CEO. Prior to joining Bank of Georgia in 2008, George served as General Director of JSC BTA Bank (2005-2008). Prior to returning to Georgia in 2003, George worked a Program Trading Desk at Bear Stearns in New York. He has received Ph.D. in physics from John Hopkins University in Baltimore, Maryland and an undergraduate degree from Tbilisi State University.

Notice of Results
RNS
RNS Number : 4889L
Bank of Georgia Holdings PLC
12 August 2013

London, 12 August 2013



Bank of Georgia Holdings PLC notice for 1H 2013 Results



Bank of Georgia Holdings PLC will publish its financial results for 1H 2013 at 07:00 London time on Wednesday, 14th August 2013. The results announcement will be available on Bank of Georgia Holdings's website at www.bgh.co.uk. An investor/analyst conference call, organised by Bank of Georgia Holdings, will be held on Wednesday, 14th August 2013, at 14:00 UK / 15:00 CET / 09:00 U.S Eastern Time. The duration of the call will be 60 minutes and will consist of a 15-minute update and a 45-minute Q&A session.

Half Yearly Report

Record Q2 2013 profit drives robust first half performance



· Positive operating leverage maintained with strong profitability

o Net Interest Margin (NIM) of 7.7%, compared to 8.2% in 1H 2012

§ Q2 2013 NIM of 7.9%, compared to 7.6% in Q1 2013

o Revenue increased by GEL 23.7 million, or 9.9% y-o-y, to GEL 262.7 million; Revenue adjusted for one-off foreign currency gain* increased by 11.3% to GEL 262.7 million

§ Q2 2013 revenue grew 13.6% q-o-q to GEL 139.7 million

o Positive operating leverage maintained at 9.4% in 1H 2013, as operating expenses stayed largely flat at GEL 109.6 million

§ Q2 2013 y-o-y operating leverage of 13.3%

o Cost to Income ratio improved to 41.7% compared to 45.6% in 1H 2012

§ Q2 2013 Cost to Income ratio reached a record low of 39.9% compared to 43.8% in Q1 2013 and 45.5% Q2 2012

o Profit for the period increased by GEL 9.1 million, or 10.5% y-o-y, to GEL 95.1 million

o Earnings per share (basic) increased by 5.1% to a record GEL 2.70, compared to GEL 2.57 in 1H 2012

o Return on Average Assets (ROAA) stood at 3.4%, compared to 3.7%

§ Q2 2013 ROAA stood at 3.8%, compared to 3.1% in Q1 2013

o Return on Average Equity (ROAE) stood at 17.6%, from 19.6%

§ Q2 2013 ROAE stood at 19.3%, compared to 15.9% in Q1 2013

· Strong balance sheet supported by solid capital position and declining cost of funds

o Net loan book increased by 6.8% y-o-y, while client deposits increased by 3.5% y-o-y

o Cost of client deposits decreased from 7.7% in 1H 2012 to 6.2% in 1H 2013; Q2 2013 cost of client deposits stood at 5.9%

o Q2 2013 loan book grew 5.7% q-o-q, while client deposits increased 1.1% q-o-q

§ Retail Banking net loans grew 5.3% q-o-q, while client deposits increased 7.0% q-o-q

§ Corporate Banking net loans grew 4.8% q-o-q, while client deposits decreased 3.1% q-o-q, reflecting targeted outflow of high-interest paying deposits

o Cost of risk in Q2 2013 remained largely flat at 1.5% compared to 1.4% in Q1 2013. 1H 2013 cost of risk of 1.5% compares to 0.9% in 1H 2012. The year-on-year increase was attributed to both Retail Banking and Corporate Banking loan portfolios

o High liquidity maintained with 26.8% assets made up of cash and cash equivalents, NBG CDs, Georgian government treasury bills and bonds and other high quality liquid assets as of 30 June 2013. The National Bank of Georgia (NBG) liquidity ratio of 44.8% compared to 35.2% a year ago and to 30% minimum requirement by the regulator

o Excellent funding position with a Net Loans to Customer Funds ratio of 109.6%, down from 114.8% YE 2012 and up from 102.7% in 1H 2012. As of 30 June 2013, Net Loans to Customer Funds and Long-Term DFI Funding ratio was 90.0%

o BIS Tier 1 capital adequacy ratio improved to 22.9%

o Book value per share increased by 12.9% y-o-y to GEL 30.9 (US$18.72/GBP 12.28)

o Balance Sheet leverage at 4.1 times as of 30 June 2013, compared to 4.2 times



*One-off foreign currency gain by BNB in Q1 2012, the Bank's subsidiary in Belarus



· Business highlights

o Retail Banking continues to deliver strong franchise growth, supported by the successful roll-out of the Express Banking strategy in 2012, adding 649 new Express Pay terminals and 115,000 Express cards in 1H 2013. Retail Banking loan book grew 14.6% y-o-y.

o Corporate Banking loan book increased by 4.8% q-o-q in Q2 2013 after a slow-down in Q1 2013. Cost efficiency of Corporate Banking improved markedly as Cost to Income declined from 32.1% in 1H 2012 to 25.9% in 1H 2013

o Investment Management (formerly Asset and Wealth Management) continued to expand its franchise with Assets under Management (AUM) increasing by 18.0% to GEL 624.2 million in 1H 2013. Since the launch of the Certificate of Deposit (CD) programme in January 2013, the amount of CDs issued to Investment Management clients reached GEL 103.2 million, as of 30 June 2013

o Aldagi, the Group's Insurance and Healthcare business, reported a 1H 2013 profit of GEL 11.4 million, up from GEL 6.5 million in 1H 2012

o Affordable Housing pre-sold 68% of the apartments of its second housing project, currently in the construction process. In 1H 2013, Affordable Housing segment posted its first half year profit of GEL 4.4 million




http://www.moneyam.com/action/news/showArticle?id=4650269

Bank of Georgia: Canaccord Genuity downgrades to hold with an unchanged target price of 1610p.

:-))

In Shares - An expected rise in sales volumes and falling bad debts are driving upgrades at Bank of Georgia, with healthcare and insurance subsidiary Aldagi a particularly strong performer.

Bank of Georgia Holdings PLC (BGEO:LSE) set a new 52-week high during today's trading session when it reached 2,593. Over this period, the share price is up 125.02%.

Bank of Georgia buys 80 per cent majority of Georgian hospital group

Thu, 20 February 2014


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Bank of Georgia Holdings said its healthcare and insurance subsidiary Aldagi has bought an 80 per cent stake in Avante Hospital Management Group for an undisclosed sum, and is in talks to buy the remaining 20 per cent.

Avante owns four hospitals with a total of 578 beds in the Georgian cities of Tbilisi and Batumi. It is the second largest healthcare provider in Georgia by number of beds, after Aldagi, the company said.

“Generating an estimated revenue of 35m Georgian Lari (GEL) in 2013, this portfolio of hospitals provides Aldagi with leading positions in both pediatric and maternity care,” the bank said.

“The acquisition of the new hospitals is consistent with the company's previously announced strategy to scale up its healthcare business through targeted hospital acquisitions focusing in Tbilisi. Following the acquisition, Aldagi has 36 healthcare facilities and 1,907 hospital beds in Georgia, said Chief Executive Irakli Gilauri.

Bank of Georgia shares were down 19p to 2396p.

BANK OF GEORGIA

HOLDINGS PLC

PRELIMINARY RESULTS ANNOUNCEMENT

2013


Strong profitability supported by declining funding costs and positive operating leverage maintained

o Net Interest Margin (NIM) of 7.8%, compared to 7.9% in 2012

§ Q4 2013 NIM of 7.9% compared to 7.7% in Q3 2013 and 7.8% in Q4 2012

o Revenue increased by GEL 47.2 million, or 9.5% y-o-y, to GEL 545.5 million

§ Q4 2013 revenue increased 12.6% y-o-y to GEL 144.4 million; compared to Q3 2013 revenue increased by 4.4%

o Positive operating leverage maintained at 7.5 percentage points in 2013, as operating expenses increased by 2.0% year-on-year to GEL 225.6 million

o Cost to Income ratio improved to 41.4% compared to 44.4% in 2012

o Profit for the period increased by GEL 29.8 million, or 16.6% y-o-y, to GEL 209.3 million

§ Q4 2013 profit increased by GEL 8.8 million, or 18.7% y-o-y, to GEL 55.6 million

o Earnings per share (basic) increased by 13.6% to a record GEL 5.93, compared to GEL 5.22 in 2012

o Return on Average Assets (ROAA) stood at 3.6% in 2013 compared to 3.5% in 2012

§ Q4 2013 ROAA stood at 3.6%, compared to 3.4% in Q4 2012 and 4.0% in Q3 2013

o Return on Average Equity (ROAE) stood at 18.6%, compared to 19.1%

§ Q4 2013 ROAE stood at 18.6%, compared to 20.6% in Q3 2013 and 18.2% in Q4 2012

· Strong balance sheet supported by solid capital position and declining cost of funds

o Net loan book increased by 13.9% y-o-y, while client deposits increased by 18.5% y-o-y

o Cost of client deposits decreased from 7.3% in 2012 to 5.6% in 2013; Q4 2013 cost of client deposits stood at 4.8% compared to 6.6% in Q4 2012

o Q4 2013 loan book grew 7.3% q-o-q and client deposits increased 9.0% q-o-q

o Cost of credit risk improved significantly in Q4 2013 to GEL 10.0 million compared to GEL 16.1 million in Q4 2012 and GEL 15.5 million in Q3 2013. Cost of Risk decreased to an annualised 0.9% in Q4 2013 compared to 1.6% in Q3 2013 and 1.8% in Q4 2012

o High liquidity maintained with 29.5% of total assets made up of cash and cash equivalents, amounts due from credit institutions, NBG CDs, Georgian government treasury bills and bonds and other high quality liquid assets as of 31 December2013. Liquidity ratio, as per National Bank of Georgia (NBG), stood at 45.7%, compared to 41.1% a year ago, as a result of additional Eurobond issuance in November 2013

o As of 31 December 2013, Net Loans to Customer Funds ratio stood at a healthy level of 113.0% compared to 114.8% as of 31 December 2012 and 114.7% as of 30 September 2013. Net Loans to Customer Funds and DFI ratio of 96.2%, compared to 91.9% as of 31 December 2012 and 96.1% as of 30 September 2013.

o BIS Tier I capital adequacy ratio stood at 23.0% compared to 21.2% a year ago.

o Book value per share increased by 14.9% y-o-y to GEL 34.85 (US$20.07/GBP 12.18)

o Balance Sheet leverage remained flat y-o-y at 4.3 times




http://www.moneyam.com/action/news/showArticle?id=4757935

Good recovery today, as Ukraine fears ebb the tensions with Russia have eased and the stock market recovered today.

Shares -Bank on Georgia
Sector leader primed for home market growth


A bull run in Bank of Georgia (BGEO) looks set to continue as the government ramps up infrastructure spend. This spend has the potential to create a multiplier effect as a portion of every Georgian lari spent by the state finds its way into the pockets of consumers who in turn spend a large part of what they earn.

The £910 million cap is plugged into the former Soviet Union state on many levels, owning 33.8% of its banking assets, holding a 32.5% share of all lending and 30.4% of deposits. This puts Bank of Georgia in a prime position to benefit from a significant uplift in the economy with the World Bank estimating 6.3% growth in each of the next two years, more than double 2013’s 2.5% gain, when output dipped amid political uncertainty.

BOG buys out minority shareholder of MFC

RNS


RNS Number : 4812F

Bank of Georgia Holdings PLC

25 April 2014




London, 25 April 2014



Bank of Georgia buys-out minority shareholder of My Family Clinic



Bank of Georgia Holdings PLC ("BGH"), the holding company of JSC Bank of Georgia ("the Bank") Georgia's leading bank, announces that JSC Insurance Company Aldagi ("Aldagi"), the Bank's insurance and healthcare subsidiary, has completed a buy-out of a 49% minority shareholder of its healthcare subsidiary My Family Clinic ("MFC"). Aldagi has held a 51% controlling interest in MFC since December 2011. Following the transaction, Aldagi's healthcare business consists of its wholly-owned subsidiary My Family Clinic (with 749 hospital beds in Georgia) and wholly-owned subsidiary Unimed (with 1,158 hospital beds in Georgia), both of which are leading healthcare providers in the country.



"I am pleased to announce this buy-out. The acquisition of the remaining stake in MFC will allow us to proceed with the integration of MFC and Unimed, extracting synergies and further strengthening Aldagi's position in the Georgian healthcare market. The buy-out of a 49% minority shareholder of MFC gives us flexibility in executing our growth strategy and an opportunity to expand our regional footprint through investments into development projects via MFC", commented Murtaz Kikoria, Aldagi CEO

Bank of Georgia Announces Q1 2014 Results

Business highlights

o Retail Banking continues to deliver strong franchise growth, supported by the successful roll-out of the Express Banking strategy, adding 1,423 Express Pay Terminals and 513,707 Express Cards since the launch of the Express Banking service. Retail Banking's net loan book grew 21.1% and client deposits 24.9% y-o-y.

o Corporate Banking's net loan book increased 7.8% to GEL 1,715.5 but decreased 5.7% q-o-q. Corporate Banking Cost of Deposits decreased markedly from 5.7% in Q1 2013 to 3.2% in Q1 2014.

o Investment Management's Assets under Management (AUM) increased by 14.5% y-o-y to GEL 702.7 million as of 31 March 2014. Since the launch of the Certificate of Deposit (CD) programme in January 2013, the amount of CDs issued to Investment Management clients reached GEL 239.0 million, as of 31 March 2014

o The Group's insurance and healthcare business, reported GEL 6.0 million Q1 2014 profit, up 14.6% y-o-y and expanded its healthcare business through acquisitions, adding 578 hospital beds to a total of 1,907

o Affordable Housing's second housing project is near completion and the construction of two new housing projects is underway. Net profit from the Bank's affordable housing business totalled GEL 4.2 million in Q1 2014, reflecting the partial recognition of revenue from its second project as it nears completion.





http://www.moneyam.com/action/news/showArticle?id=4807429

Bank of Georgia: Numis downgrades from buy to hold with a target price of 2708p.