Bank of Georgia Holdings to enter FTSE indices

Released : 07 Jun 2012 07:11

RNS Number : 8735E
Bank of Georgia Holdings PLC
07 June 2012
 

London, 7 June , 2012

                                                                                                                                                                                  

 

BANK OF GEORGIA TO ENTER FTSE 250 AND FTSE ALL-SHARE INDICES

 

Bank of Georgia Holdings PLC (LSE: BGEO LN), (the "Company" ), the holding company of JSC Bank of Georgia and its subsidiaries (the "Bank"), Georgia's leading bank, welcomes yesterday's announcement by the FTSE that the Company's shares will be included in both the FTSE 250 Index and the FTSE All Share Index from 15 June 2012.

 

In order to qualify for membership of the FTSE 250 Index, the Bank has been required to meet a number of criteria, which cover factors such as market capitalisation, free float and average daily trading.  The Company believes that its shares are now likely to be added to the holdings of FTSE 250 and FTSE All Share Index Funds, creating further significant improvements in the liquidity of its securities.

 

Irakli Gilauri,36, Chief Executive Officer of Bank of Georgia Holdings plc, commented:

 

"Our inclusion in both the FTSE 250 and FTSE All-Share Indices is another major step forward for Bank of Georgia to further increase the liquidity of our shares and our profile in international capital markets, following our Premium Listing in February 2012. Through our UK-incorporated holding company and with our strong track record on corporate governance, we offer UK and emerging market institutional investors access to the fast-growing Georgian economy and banking sector; we are unique among FTSE banks not only because of our emerging markets focus but also because of the strength of our balance sheet with a 23% core Tier I ratio (BIS basis), our high levels of liquidity and profitability and our growth prospects."

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

About Bank of Georgia Holdings plc

Bank of Goergia Holdings pls is a UK-incorporated holding company of Bank of Georgia. Bank of Georgia is the leading Georgian bank, based on total assets (with a 34% market share), total loans (with a 35% market share) and client deposits (with a 34% market share) as of 31 March 2012, all data based on standalone financial information filed by banks in Georgia with the National Bank of Georgia. The Bank offers a broad range of corporate banking, retail banking, wealth management, brokerage and insurance services to its clients. 

 

Bank of Georgia has, as of the date hereof, the following credit ratings:

Standard & Poor's

'BB-/B'


FitchRatings

'BB-/B'


Moody's

'B1/NP' (FC) & 'Ba3/NP' (LC)


For further information, please visit www.bog.ge/ir or contact: 

Irakli Gilauri

Macca Ekizashvili

David Westover/Justin Griffith

Chief Executive Officer

Head of Investor Relations

Citigate Dewe Rogerson

+995 322 444 109

+995 322 444 256

+44 (0) 207 638 9571

igilauri@bog.ge

ir@bog.ge

bog@citigatgdr.co.uk

 

      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.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCGLGDLRGGBGDR