11th Nov 2021 15:43
Bank of Georgia Group PLC - Tbilisi, Georgia-based lender - Operating income in third quarter of 2021 rises 26% year-on-year to GEL347.8 million, about GBP82.5 million. Pretax profit rises 26% to GEL206.0 million from GEL163.4 million a year prior. Year-to-date, operating income is up 25% to GEL986.4 million, with pretax profit surging to GEL581.1 million from GEL173.6 million.
"The economic rebound is strong but some challenges remain, specifically relating to the ongoing pandemic situation, and increased price pressures, which we expect to subside over the next twelve months," Bank of Georgia says.
Current stock price: 1,656.00 pence, up 3.5% on Thursday
Year-to-date change: up 35%
By Eric Cunha; [email protected]
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