Description

Bank of Georgia Group PLC, identified by the symbol BGEO.L, is a financial services provider that offers a diverse range of banking products and services primarily within Georgia. The company segments its operations into three core divisions: Retail Banking, Corporate and Investment Banking, and BNB. The Retail Banking division serves a broad clientele, including individual consumers across mass-market and affluent tiers, as well as small and medium-sized enterprises (SMEs) and micro-businesses. This segment delivers a variety of credit solutions, such as consumer loans, mortgage financing, overdraft facilities, and credit cards. It also facilitates funds transfers, settlement services, and manages customer deposits. Its offerings are branded under names like Express, Bank of Georgia, MSME, and SOLO. The Corporate and Investment Banking (CIB) segment caters to corporate and institutional clients. It provides an array of services, including various loan and credit facilities, efficient funds transfer and settlement processing, trade finance support, and assistance with documentary operations. Additionally, CIB oversees savings and term deposit accounts for its corporate customers. This segment also extends specialized private banking services to high-net-worth individuals and offers brokerage services. The BNB segment focuses on providing both retail and corporate banking solutions to its customer base in Belarus. As of December 31, 2021, the company maintained a significant physical presence, operating 211 retail branches, alongside a network of 989 automated teller machines (ATMs) and 3,134 Express Pay terminals. Bank of Georgia Group PLC was established in 2017 and has its main headquarters situated in London, United Kingdom.