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Pin to quick picksBank Of Georgia Group Share News (BGEO)

Share Price Information for Bank Of Georgia Group (BGEO)

London Stock Exchange
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Share Price: 4,035.00
Bid: 4,035.00
Ask: 4,045.00
Change: 35.00 (0.88%)
Spread: 10.00 (0.248%)
Open: 4,010.00
High: 4,065.00
Low: 3,990.00
Prev. Close: 4,000.00
BGEO Live PriceLast checked at -

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Bank of Georgia buys e-commerce platform extra.ge

Mon, 17th Jun 2019 10:35

(Sharecast News) - Bank of Georgia has announced the acquisition of Georgian e-commerce platform, extra.ge, for an undisclosed sum.The platform facilitates consumer-to-consumer and business-to-consumer sales through its website and social media channels. Bank of Georgia said the acquisition is in line with its strategy to be "at the top" of the digital offering in the local market.Extra.ge currently has around 350,000 returning visitors per month, while approximately 80,000 registered buyers and sellers and 100,000 products and services are listed on the platform.Bank of Georgia said the acquisition will provide its existing and potential clients "unique" opportunities to get even more benefits from their relationship with the bank.Chief executive officer Archil Gachechiladze said: "I am very pleased that we continue to successfully expand our footprint in digital platforms that create a great value for our clients. Extra.ge will become our new digital offering built around the simplicity and convenience of a value-enhancing single umbrella model, which enables the stakeholders to make the best deals with each other, and rely on superior financial services offered by Bank of Georgia."Bank of Georgia's retail and micro, small and medium-sized enterprise clients will enjoy the excellent opportunities of a new consumer experience and doing business in a dynamic and flexible digital marketplace."At 1022 BST, the shares were down 0.6% at 1,613p.
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A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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Tuesday 11 June 
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A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved. 

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29 May 2024 10:55

Bank of Georgia maintains targets amid domestic political volatility

(Alliance News) - Bank of Georgia Group PLC on Wednesday reported double-digit growth during the first quarter.

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29 May 2024 07:07

Bank of Georgia delivers solid Q1 as profit jump

(Sharecast News) - First-quarter profits at Bank of Georgia were up by more than a fifth, helped by favourable macro conditions and the recent acquisition of Armenia's Ameriabank.

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23 May 2024 13:17

IN BRIEF: Bank of Georgia subsidiary redeems USD100 million notes

Bank of Georgia Group PLC - Tbilisi, Georgia-based lender - Says its banking business subsidiary JSC Bank of Georgia has issued a notice that it will redeem all of its outstanding notes equal to USD100 million on June 28. Says this will be settled in cash. Says the redemption of the outstanding AT1 notes "highlights the bank's strong capital position and high levels of internal capital generation, reflecting its robust financial health".

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A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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15 May 2024 19:19

EU urges Georgia to withdraw 'foreign agent' bill as protests continue

BRUSSELS/TBILISI, May 15 (Reuters) - The European Union urged Georgia on Wednesday to withdraw its highly contested "foreign agents" bill, saying the measure would set back the nation's ambitions to join the bloc, as protests against the legislation continued in a rolling political crisis.

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13 May 2024 14:27

UPDATE: Bank of Georgia increases total dividend for 2023 by 4.6%

(Alliance News) - Bank of Georgia Group PLC on Monday confirmed its proposed final dividend for 2023.

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13 May 2024 10:39

Bank of Georgia announces reduced final dividend for 2023

(Alliance News) - Bank of Georgia Group PLC on Monday announced its proposed final dividend for 2023.

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10 Apr 2024 15:33

TRADING UPDATES: Marula assays show Nyori potential; Nexxen pays debt

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2 Apr 2024 09:17

IN BRIEF: Bank of Georgia gets approval for USD304 million Ameriabank

Bank of Georgia Group PLC - Tbilisi-based lender - Receives regulatory approval from Armenian Competition Protection Commission and the Central Bank of Armenia for the acquisition of Ameriabank CJSC. Says it will now move "swiftly" to completion.

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2 Apr 2024 07:23

Bank of Georgia gets green light for Ameriabank acquisition

(Sharecast News) - Bank of Georgia announced a milestone in its expansion plans involving the acquisition of Ameriabank on Tuesday.

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London close: Stocks finish mixed after Reckitt compo blow

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