Bank of Georgia Shares Now in the Premium Listing of the London Stock Exchange

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The FINANCIAL — Bank of Georgia has listed its shares in the premium segment of the London Stock Exchange. Bank of Georgia is the only company from the Caucasus region that has its shares in the premium listing, at the same time it is the only foreign bank present in the listing alongside five leading British banks.


With its GDRs listed on the LSE since 2006, Bank of Georgia has an established culture of transparency and adherence to robust corporate governance.

“With a premium listing on the LSE, Bank of Georgia Holdings will offer shareholders greater transparency combined with exposure to the fast growing and well regulated Georgian financial services market. We offer investors an opportunity to diversify their holdings and benefit from an emerging market with a proven record of sustainable growth,” said Irakli Gilauri, CEO of Bank of Georgia.

There are currently up to 3,000 companies from 70 countries present in the London Stock Exchange. 1,000 companies out of those are in the premium listing. Bank of Georgia is the only company from the Caucasus region to obtain premium listing. At the same time Bank of Georgia is the only foreign bank in the listing. As well as Bank of Georgia there are five other British banks in the listing, these being HSBC, Lloyds, RBS, Barclays and Standard Chartered.

Bank of Georgia is currently among the 350 largest companies in terms of capitalization on the London Stock Exchange. Bank of Georgia has been on the London Stock Exchange since 2006. Before its placement on the premium listing its shares were presented as Global Depositary Receipts. By listing its shares in the premium segment the Bank will broaden the investor base, attract more capital and adhere to the highest standards of transparency and corporate governance.

“Our primary goal is to increase the liquidity of our stock, as we are tapping a larger investor pool,” Gilauri said.“The placement on the premium listing will attract more investments,” said Giorgi Karadgidze, President of National Bank of Georgia. “More investors will get interested in the banking sector of Georgia. This will automatically result in cheap money and cheap credits. So we will continue in the direction of having the best possible banking sector in Georgia.”

The London Stock Exchange has a history going back 300 years, to 1698. The London Stock Exchange was officially founded in 1801 and is currently one of the main financial centres of the world. Merging with the Italian Stock Exchange Borsa Italiana in October of 2007, the London Stock Exchange became the leading stock exchange in Europe.

JSC Bank of Georgia is the leading Georgian bank based on total assets (with a 35.6% market share), total loans (with a 34.5% market share) and client deposits (with a 35.6% market share) as of 31 December 2011. The Bank offers a broad range of corporate banking, retail banking, wealth management, brokerage and insurance services to its clients.

JSC Bank of Georgia has the following credit ratings: Standard & Poor’s ‘BB-/B’, FitchRatings ‘BB-/B’ and Moody’s ‘B1/NP’ (FC) & ‘Ba3/NP’.



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