Bank of Georgia Group PLC (BGEO.L) Bundle
Lion Finance Group PLC, formerly Bank of Georgia Group PLC, stands at the center of Georgia and Armenia's banking landscape-operating through Bank of Georgia and Ameriabank to serve approximately 2.6 million monthly active retail customers-and in 2024 delivered a record consolidated profit of GEL 1.8 billion; celebrated as the World's Best Digital Bank 2024 by Global Finance, the Group's mission is to create long‑term value as a relationship-driven, client-facing integrated financial services company with a target to deliver a return on average equity of over 20% by 2027, while its vision to be recognized as the best financial services company in Georgia and to become the bank of the future underpins a strategy focused on customer-centric universal banking, innovation and simplicity, and its core values-excellence in execution, teamwork, integrity and trust-are reinforced by commitments to ESG integration, diversity, equity and inclusion, transparency and financial inclusion.
Bank of Georgia Group PLC (BGEO.L) - Intro
Bank of Georgia Group PLC (BGEO.L), operating as Lion Finance Group PLC and formerly known under its legacy name, is a leading financial services provider in Georgia and Armenia. The Group delivers retail, corporate, investment banking, leasing, insurance and fiduciary services through principal subsidiaries including Bank of Georgia and Ameriabank, backed by a strong digital platform and an expanding regional footprint.
Mission
To empower individuals, businesses and communities in Georgia and the South Caucasus with accessible, secure and innovative financial solutions that drive sustainable prosperity.
Vision
To be the region's most trusted, digitally advanced and customer-centric financial group, delivering long-term value for customers, shareholders and society.
Core Values
- Customer-centricity: designing products and services around real customer needs.
- Innovation: leading digital transformation in banking and financial services.
- Integrity & governance: strong corporate governance and transparent practices.
- Sustainability: integrating ESG considerations into strategy and operations.
- Excellence: disciplined execution and continuous improvement.
Key Operational and Customer Metrics
- Monthly active retail customers: ~2.6 million.
- Primary markets: Georgia and Armenia through Bank of Georgia and Ameriabank subsidiaries.
- Digital leadership: recognized globally for digital banking capabilities.
Recent Financial Highlights (2024)
| Metric | Value | Notes |
|---|---|---|
| Consolidated profit (2024) | GEL 1.8 billion | Record annual consolidated profit |
| Monthly active retail customers | ~2.6 million | Across core retail franchises |
| Geographic footprint | Georgia, Armenia | Bank of Georgia, Ameriabank and affiliates |
| Global recognition | World's Best Digital Bank 2024 | Awarded by Global Finance |
| ESG integration | Embedded in decision-making | Policies across lending, investments and operations |
Strategic Priorities
- Scale digital channels to increase engagement and reduce cost-to-serve.
- Expand retail and SME lending while maintaining disciplined risk management.
- Deepen presence in Armenia and adjacent markets selectively.
- Accelerate sustainable finance products and green lending initiatives.
- Enhance shareholder returns through profitable growth and capital efficiency.
ESG and Sustainability Focus
Bank of Georgia Group PLC embeds environmental, social and governance criteria into credit, investment and operational decisions, targeting decarbonization pathways, financial inclusion, and robust governance standards. Sustainability is integrated with business KPIs and investor reporting.
Further investor-focused context and detailed ownership/flow insights can be explored here: Exploring Bank of Georgia Group PLC Investor Profile: Who's Buying and Why?
Bank of Georgia Group PLC (BGEO.L) - Overview
Bank of Georgia Group PLC (BGEO.L) positions itself as a relationship-driven, client-facing integrated financial services group focused on creating long-term value through sustainable growth and high profitability. The Group has articulated an explicit profitability aspiration - to deliver a return on average equity (ROAE) of over 20% by 2027 - which guides its strategic capital allocation, product development and customer engagement initiatives.- Mission: build long-term value via strong client relationships and integrated financial services spanning retail and corporate banking, insurance, wealth and digital financial solutions.
- Strategic profitability target: ROAE > 20% by 2027 (Group-level ambition driving efficiency and growth priorities).
- Client-first model: deepening relationships to increase lifetime value and cross-sell rates across an expanding product suite.
- Sustainability & resilience: balancing growth with capital strength, credit quality and diversified revenue streams.
| Metric | Latest publicly reported (FY/period) | Target / Strategic aspiration |
|---|---|---|
| Return on average equity (ROAE) | ~18% (most recently reported) | >20% by 2027 |
| Net profit (IFRS) | GEL 1,170 million (FY recent) | N/A (profit growth driven by margin expansion & cost control) |
| Total assets | GEL 23.2 billion (FY recent) | Prudent growth with asset quality maintenance |
| Common equity tier 1 (CET1) ratio | ~16% (end-period) | Maintain robust capital buffer above regulatory minima |
| Customer deposits | GEL 14.5 billion (FY recent) | Increase low-cost deposit share to support margins |
- Business model levers to reach ROAE goal:
- Revenue: expand digital channels, broaden fee income (payments, wealth, insurance).
- Margins: optimise funding mix and loan yields while managing cost of risk.
- Efficiency: drive operating leverage via digitisation and process automation.
- Capital management: disciplined dividend and buyback policy when metrics allow.
- Client relationship metrics emphasised:
- Cross-sell ratio per active customer (target: material uplift vs baseline).
- Net promoter score and digital engagement rates to measure loyalty and wallet share.
Bank of Georgia Group PLC (BGEO.L) - Mission Statement
Bank of Georgia Group PLC's mission is to deliver modern, accessible, and trusted financial services that empower individuals and businesses across Georgia and the region. The Group combines customer-centric banking, strong digital capabilities, and responsible stewardship of capital to support sustainable economic growth.- Deliver a universal banking platform that simplifies access to deposits, lending, payments, wealth and insurance solutions.
- Place the customer at the center: intuitive digital journeys, fast decision-making, and personalized offers.
- Drive innovation and digital-first services to reduce friction and increase financial inclusion.
- Operate with high ethical standards, strong governance, and commitment to environmental and social sustainability.
- Support Georgia's households and businesses to achieve personal and commercial goals efficiently and transparently.
- Customer-centricity: making financial services intuitive and accessible for retail and corporate clients.
- Simplicity: a universal platform reducing fragmentation between products and channels.
- Adaptability: rapid product iteration, agile delivery and continuous improvement in digital services.
- Innovation: sustained investment in fintech, mobile and data-driven capabilities to stay ahead of market shifts.
- Ethical practice & sustainability: embedding ESG principles into lending, operations and community engagement.
| Metric | Latest reported figure |
|---|---|
| Total assets | GEL 19.6 billion |
| Net profit (FY) | GEL 1,053 million |
| Loans to customers (gross) | GEL 12.7 billion |
| Customer deposits | GEL 14.3 billion |
| Return on Equity (ROE) | ~26% |
| Common Equity Tier 1 (CET1) ratio | 19.6% |
| Digital customers | ~1.8 million |
| Mobile app monthly active users | ~830,000 |
- Scale digital platform: continuous enhancements to mobile and online banking, API connectivity and embedded finance.
- Product simplification: integrate retail, SME and corporate products into a cohesive customer proposition.
- Data & analytics: use customer insights to tailor offers, manage risk and improve operational efficiency.
- Responsible growth: maintain strong capital and liquidity buffers while expanding lending to underserved segments.
- ESG integration: reduce environmental footprint, enhance financial literacy programs and strengthen community lending.
Bank of Georgia Group PLC (BGEO.L) - Vision Statement
Bank of Georgia Group PLC (BGEO.L) positions its vision around sustainable economic development in Georgia and the wider region by delivering superior banking services, broadening financial inclusion, and driving responsible growth. Guided by a set of core values adapted from proven industry principles, the Group aligns strategic priorities with measurable performance and ESG integration.- Excellence in execution - disciplined performance targets, continuous operational optimisation and digital-first service delivery.
- Teamwork - cross-functional collaboration across retail, corporate and investment banking to scale customer solutions.
- Integrity and trust - rigorous governance, transparent reporting and stakeholder engagement to maintain investor and public confidence.
- Diversity, equity and inclusion - building an inclusive workplace and customer access initiatives that reduce barriers to financial services.
- Transparency and openness - clear disclosure practices, robust investor communications and accessible customer information.
- Sustainable growth & financial inclusion - prioritising lending to SMEs, green finance, and programmes that expand banking access to underserved groups.
| Metric (FY 2023) | Value |
|---|---|
| Total assets | GEL 19.7 billion |
| Net interest income | GEL 1.45 billion |
| Profit for the year (Group) | GEL 1.04 billion |
| Loans and advances to customers | GEL 11.9 billion |
| Customer deposits | GEL 13.2 billion |
| Common Equity Tier 1 (CET1) ratio | 20.5% |
| Return on equity (ROE) | ~20% |
| Employees | ~6,000 |
- Digital adoption - mobile and internet banking active user growth and digitised lending workflows to reduce time-to-serve and cost-to-serve.
- SME and retail inclusion - targeted lending products and branch/digital outreach to increase account penetration in semi-urban and rural markets.
- Green financing - products and lending criteria supporting energy efficiency and renewable projects, and integration of climate risk into credit decisions.
- Governance and transparency - regular public disclosures, strong capital buffers and adherence to international audit and reporting standards.
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