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Bank of Georgia Group Plc ( (GB:BGEO) ) just unveiled an update.
Lion Finance Group PLC has announced a change in its corporate name from Bank of Georgia Group PLC to reflect its expanded geographical focus following the acquisition of Ameriabank in Armenia. This strategic move marks a significant milestone in the company’s growth strategy, enhancing its earnings potential and allowing it to capitalize on growth opportunities in the Armenian market, while maintaining the distinct identities and operations of its Georgian and Armenian banking subsidiaries.
More about Bank of Georgia Group Plc
Lion Finance Group PLC, formerly known as Bank of Georgia Group PLC, is a FTSE 250 holding company operating primarily in the high-growth Georgian and Armenian markets. The company’s subsidiaries, JSC Bank of Georgia and Ameriabank CJSC, are leading universal banks in their respective regions, offering customer-centric financial services.
YTD Price Performance: -1.91%
Average Trading Volume: 93,915
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £2.05B
For a thorough assessment of BGEO stock, go to TipRanks’ Stock Analysis page.
