REG - Lion Finance Grp PLC - Bank of Georgia Executive Management Updates

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RNS Number : 1189N  Lion Finance Group PLC  30 December 2025

 

London, 30 December 2025

 

 

    Bank of Georgia Executive Management Updates

 

Lion Finance Group PLC (the "Company" or the "Group") announces updates within
the Executive Management team of its Georgian banking subsidiary, JSC Bank of
Georgia (the "Bank").

 

Mikheil Gomarteli, acting as Deputy CEO, Head of Strategic Projects, and
overseeing the Payments business, is stepping down from the executive role
from 1 January 2026, but will remain in a non-executive role across the
Group's various subsidiaries. Mikheil served at Bank of Georgia for 28 years
in senior and executive roles, having been instrumental in building the retail
banking franchise and bringing key banking innovations to the local market.

 

Levan Kobakhidze has been appointed as Bank of Georgia's new Head of Payments
business. Levan joined the Bank in 2019 and, until 2023, served as Head of
Digital Channels, where he played a pivotal role in strengthening the Bank's
digital banking and payment capabilities. After relocating to New York City
for personal reasons and serving as Executive Director of Digital Account
Opening at Wells Fargo, Levan has recently returned to Georgia and rejoined
our team in this new role.

For further information about Levan's background, please visit
https://lionfinancegroup.uk/leadership-and-governance/subsidiary-management/
(https://lionfinancegroup.uk/leadership-and-governance/subsidiary-management/)
.

 

Archil Gachechiladze, Bank of Georgia's CEO, commented: "I thank Mikheil for
his decades of committed service to Bank of Georgia, during which he offered
invaluable support and mentorship to generations of leaders and professionals.
His leadership is distinguished by significant contributions to our business
development, having overseen many of the Bank's key transformations and
achievements.

I also welcome Levan back to the team. Levan's expertise in digital ecosystems
and payment technologies will help us further grow our payments business and
deliver excellent experience to our customers."

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

About Lion Finance Group PLC

Lion Finance Group PLC (LSE: BGEO LN) is a FTSE 250 holding company whose main
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.lionfinancegroup.uk
(https://lionfinancegroup.uk/) or contact:

 

 Sam Goodacre                                Nini Arshakuni
 Adviser to the CEO                          Head of Investor Relations
 +44 203 178 4034                            +44 203 178 4034
 sgoodacre@lfg.uk (mailto:sgoodacre@lfg.uk)  ir@lfg.uk

 

 

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

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