RNS Number : 2888A
Bank of Georgia Group PLC
28 September 2020
London, 28 September 2020
Bank of Georgia Group PLC announces Board Committee Change
Bank of Georgia Group PLC announces that independent non-executive director Hanna Loikkanen has taken over from Al Breach as Chair of the Remuneration Committee of the Board of Directors, effective from 26 September 2020. Mr Breach will remain a member of the Remuneration Committee. The membership of the Remuneration 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; and b) corporate and investment banking and wealth management operations in Georgia; 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. In the medium to long-term, the Group targets to benefit from superior growth of the Georgian economy through both its retail banking and corporate and investment banking services and aims to deliver on its strategy, which is based on at least 20% ROAE and c.15% growth of its loan book.
JSC Bank of Georgia has, as of the date hereof, the following credit ratings:
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Fitch Ratings
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'BB-/B'
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Moody's
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'Ba3/NP' (FC) & 'Ba2/NP' (LC)
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For further information, please visit www.bankofgeorgiagroup.com or contact:
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