Lion Finance Group
 | |
 Head office of Bank of Georgia in Tbilisi, Georgia. | |
| Company type | Public limited company |
|---|---|
| Industry | Banking Financial services |
| Headquarters | , |
Area served | |
Key people | Mel Carvill (Non-Executive Chairman) Archil Gachechiladze (CEO) |
| Products | Retail banking Corporate Banking Trade Finance Wealth Management investment management SME finance |
| Revenue |  GEL3,562.6 million (2024)[1] |
| GEL2,175.8 million (2024)[1] | |
| GEL1,813.0 million (2024)[1] | |
| Total assets | GEL52,207.9 million (2024)[1] |
| Total equity | GEL7,015.2 million (2024)[1] |
| Subsidiaries | |
| Website | lionfinancegroup.uk |
Lion Finance Group PLC[a] (LSE: BGEO) is a UK incorporated, financial services holding company with its registered office in London, England, and its corporate headquarters in Tbilisi, Georgia.[2][3]
Lion Finance Group's main subsidiaries provide banking and financial services through leading, customer-centric, universal banks – Bank of Georgia in Georgia and Ameriabank in Armenia.[4] The group's subsidiaries also include investment bank Galt & Taggart, Belarusian bank Belarusky Narodny Bank and other small companies in banking, payment and non-banking sectors.[5]
Lion Finance Group is listed on the premium segment of the main market of the London Stock Exchange[6] and is a constituent of the FTSE 250 Index.[7]
History
[edit]On October 14, 2011, Bank of Georgia Holdings PLC was incorporated in the UK to allow Bank of Georgia and its related companies to secure a listing on the London Stock Exchange.[8] On February 28, 2012, this went ahead and Bank of Georgia Holdings's shares were duly admitted to the London Stock Exchange.[9]
In August 2015, the business underwent a restructuring to separate the banking and investment businesses under a new holding company. On November 20, 2015, Bank of Georgia Holdings changed its name to BGEO Group.[8]
In August 2018, it was decided to separate the banking and investment businesses. Two separate companies, Bank of Georgia plc and Georgia Capital plc were incorporated in the UK. Each BGEO Group Shareholder received one Georgia Capital Share and one Bank of Georgia Group share.[10] The investment business was transferred to Georgia Capital plc, which was demerged and listed on the London Stock Exchange on May 28, 2018.[11]
In February 2024, Bank of Georgia Group announced the proposed acquisition of 100% of a leading bank in Armenia, Ameriabank, for approximately $303.6 million.[12] The acquisition completed on May 24, 2024.[13]
On February 6, 2025 Bank of Georgia Group plc changed its name to Lion Finance Group plc.[14]
Shareholders
[edit]As at 31 March 2022, the Group's top ten shareholders were JSC Georgia Capital (19.90%), Harding Loevner LP (4.30%), Fidelity Investments (3.70%), Van Eck Associates Corporation (3.50%), M&G Investment Management Ltd (3.40%), Dimensional Fund Advisors (DFA) LP (3.40%), Vanguard Group Inc (2.50%), GLG Partners LP (2.40%), Tiger Management LLC (2.10%), Standard Life Investments (2.10%).[15]
Notes
[edit]- ^ formerly Bank of Georgia Group
References
[edit]- ^ a b c d e "Annual Results 2024" (PDF). Bank of Georgia. Retrieved 12 March 2025.
- ^ "Company Overview of Bank of Georgia Group PLC". Bloomberg. Retrieved 30 June 2017.
- ^ "Our Contacts". Bank of Georgia Group. Retrieved 2024-02-19.
- ^ Bank of Georgia Group PLC Annual Report 2023 (PDF) (Report). Bank of Georgia Group. 2024-04-25.
- ^ "Bank of Georgia Group annual report 2021". Bank of Georgia Group. Retrieved 28 April 2022.
- ^ Bank of Georgia takes premium LSE listing Financial Times
- ^ "Bank of Georgia Group PLC". London Stock Exchange. Retrieved 24 February 2025.
- ^ a b "Bank of Georgia Group Limited". gov.uk. Companies House.
- ^ "Bank of Georgia Gains Premium LSE Listing". Georgia Civil. 29 February 2012. Retrieved 24 February 2025.
- ^ "Bank of Georgia completes demerger". youinvest. Archived from the original on 30 June 2018. Retrieved 30 June 2018.
- ^ "BGEO Group will list two separate company on London Stock Exchange". Business Media. 4 May 2018. Retrieved 9 February 2025.
- ^ "City buying spree continues as London-listed Bank of Georgia swoops for Ameriabank". The Evening Standard. 19 February 2024. Retrieved 19 February 2024.
- ^ "Bank of Georgia Group completes purchase of Armenia's Ameriabank". Interfax. 8 April 2024. Retrieved 24 February 2025.
- ^ "Change of name to Lion Finance Group PLC". The Financial Times. 6 February 2025. Retrieved 9 February 2025.
- ^ "BGEO Annual Report 2021". www.bankofgeorgiagroup.com.
