REG - Bank of Georgia Grp - Bank of Georgia Named World's Best Digital Bank

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03/10/2024 09:00

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RNS Number : 8188G  Bank of Georgia Group PLC  03 October 2024

London, 3 October 2024

 

 

Bank of Georgia Named World's Best Digital Bank 2024 by Global Finance

 

Bank of Georgia Group PLC (the "Group") announces that its subsidiary, JSC
Bank of Georgia (the "Bank" or "Bank of Georgia") has been recognised as the
World's Best Digital Bank 2024 by Global Finance. As part of Global Finance's
25(th) Annual World's Best Digital Bank Awards programme, Bank of Georgia has
also been named Best Consumer Digital Bank within the global category.

In addition to these major global awards, Bank of Georgia has also won the
Best Corporate/Institutional Digital Bank and Best Consumer Digital Bank in
the Central and Eastern Europe regional awards. Notably, another subsidiary of
the Group, JSC Ameriabank, has been recognised as the best in Armenia by
Global Finance Magazine across six categories, including Best in Innovation,
Best in Transformation and Best SME Banking/SME Platform.

Archil Gachechiladze, CEO of Bank of Georgia, commented: "We are delighted
with this significant recognition as the world's best digital bank by Global
Finance. At Bank of Georgia, we consistently focus on tailoring banking
solutions to our customers' unique needs. In today's ever-evolving landscape
of financial services, we strive to deliver a user experience that is
customer-centric, straight-forward, and inclusive. As the clear digital
banking leader in Georgia, with more than 1.5 million monthly active users of
our retail digital channels, we continue to set the bar higher for ourselves
and drive innovation that benefits the communities where we operate. I would
like to thank the entire team at Bank of Georgia for their dedication to
customer-centricity and digital excellence - two key pillars of sustainable
value creation that have underpinned our excellent levels of growth and
profitability over the last few years. I would also like to thank Global
Finance for this global recognition."

Joseph D. Giarraputo, Global Finance's founder and editorial director,
commented: "The rapid advancements in fintech, the rise of digital currencies,
and the increasing importance of cybersecurity are continually redefining the
benchmarks for exceptional digital banking services. Global Finance's Best
Digital Bank Awards celebrate the financial institutions that are leading the
way with innovative digital solutions and setting new standards in the
industry.

About Global Finance:

Global Finance, founded in 1987, has a circulation of 50,000 and readers in
193 countries and territories. Global Finance's audience includes senior
corporate and financial officers responsible for making investment and
strategic decisions at multinational companies and financial institutions. Its
website - GFMag.com (https://www.gfmag.com/) - offers analysis and articles
that are the legacy of 35 years of experience in international financial
markets. Global Finance is headquartered in New York, with offices around
the world. Global Finance regularly selects the top performers among banks
and other providers of financial services. These awards have become a trusted
standard of excellence for the global financial community.

Bank of Georgia has received top recognition in both global and regional
categories, including:

Global Awards:

World's Best Digital Bank

Best Consumer Digital Bank

Global Sub-Category Awards:

Best Online Investment Management Services

Best Online Treasury Services

Best in Social Media Marketing and Services

Best Bill Payment & Presentment

Best in Lending

Regional Awards, Central & Eastern Europe:

Best Corporate/Institutional Digital Bank

Best Consumer Digital Bank

 

 

Name of authorised official of issuer responsible for making notification:
Nini Arshakuni, Head of Investor Relations

 

About Bank of Georgia Group PLC

Bank of Georgia Group PLC (LSE: BGEO LN) is a FTSE 250 holding company whose
subsidiaries provide banking and financial services focused in the high-growth
Georgian and Armenian markets through leading, customer-centric, universal
banks - Bank of Georgia in Georgia and Ameriabank in Armenia. By building on
our competitive strengths, we are committed to driving business growth,
sustaining high profitability, and generating strong returns, while creating
opportunities for our stakeholders and making a positive contribution in the
communities where we operate.

 

Legal Entity Identifier: 213800XKDG12NQG8VC53

 

 

For further information, please visit www.bankofgeorgiagroup.com
(http://www.bankofgeorgiagroup.com) or contact:

 

 Michael Oliver                              Nini Arshakuni
 Adviser to the CEO                          Head of Investor Relations
 +44 203 178 4034                            +995 322 444 444 (7515)
 moliver@bgeo.com (mailto:moliver@bgeo.com)  ir@bgeo.com

 

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should not be construed as an offer to sell or the solicitation of an offer to
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