4th Nov 2026 12:58
(Alliance News) - Lion Finance Group PLC on Wednesday reported improved third quarter profit and it upped its payout.
Lion Finance shares jumped 5.8% to 12,810.00 pence in London.
The Tbilisi-based lender in Georgia and Armenia, formerly known as Bank of Georgia, said its active customer base increased across both geographies in the third quarter.
Bank of Georgia's Retail Digital monthly active users grew 14% year-on-year to just under 2.0 million, while the Armenian franchise Ameriabank's Retail Digital monthly active users grew 37% to 417,400.
The group's net interest income rose to GEL941.7 million, around GBP270.0 million, up 19% from GEL788.7 million a year earlier, while net operating income increased 20% to GEL1.29 billion from GEL1.08 billion. Pretax profit rose 22% to GEL790.9 million from GEL647.0 million.
Chief Executive Archil Gachechiladze said: "Having reached significant scale, we are increasingly focused on the depth of that engagement, and on the quality of the experience that drives it."
Lion Finance declared an interim dividend of GEL3.25 per share, up 23% from a year prior.
The company said its current GEL59.0 million buyback programme, announced in August, is nearly complete and will be extended by GEL62.0 million. The company said it will repurchase up to 4.1 million shares before May 2027 under the extended programme.
By Camilla Borri, Alliance News reporter
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