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TBCG - TBC Bank News Story

798p -21.0  -2.6%

Last Trade - 07/08/20

Sector
Financials
Size
Mid Cap
Market Cap £440.1m
Enterprise Value £245.3m
Revenue £326.6m
Position in Universe 538th / 1819

BUZZ-Bank of Georgia scales over 8-month high on robust profit

Thu 13th February, 2020 11:15am
(Updates)
    ** Shares of Bank of Georgia  BGEO.L  up 6% at 1,723p - the
highest since May 2019
    ** Profit adjusted for one-off costs jumps 31.9% in Q4,
while loan book grows 27% 
    ** Stock is top gainer on London's midcap index  .FTMC 
    ** Main rival TBC Group  TBCG.L  also up on the news,
gaining 2.4% and second highest on the bourse
    ** Capital position at year-end was strong with Basel III
CET1, Tier 1 and Total Capital Adequacy ratios above the minimum
required levels
    ** In the backdrop of lower net interest margin (NIM) in the
banking industry, BGEO says NIM has remained very resilient
    ** Up to Wednesday's close, BGEO shares had gained ~4.7% YTD
     

 (Reporting by Yadarisa Shabong in Bengaluru)
 ((Yadarisa.Shabong@thomsonreuters.com;))
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