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LONDON - Bank of Georgia Group PLC, a FTSE 250 holding company, announced today its official rebranding to Lion Finance Group PLC. The name change aims to better reflect the company’s expanded geographic focus following its acquisition of Ameriabank, the largest bank in Armenia, in February 2024.
The Group, which includes JSC Bank of Georgia and Ameriabank CJSC as its core subsidiaries, emphasized that both banks would continue to operate independently under their current brands, serving their local markets in Georgia and Armenia respectively.
Mel Carvill, Chairman of Lion Finance Group PLC, highlighted that the rebranding signifies a new chapter for the company, building on the strong performance of Ameriabank, which has reported approximately 30% year-on-year loan growth. Carvill reiterated the Group’s commitment to creating value for stakeholders in its core markets.
CEO Archil Gachechiladze remarked on the Group’s successful expansion into Armenia, describing it as a historic milestone. He assured that despite the holding company’s new name, the identity and operations of Bank of Georgia and Ameriabank would remain unchanged, focusing on empowering customers and contributing positively to their communities.
Shareholders were informed that the name change does not affect their shareholdings, and existing share certificates will remain valid. The company’s ticker on the London Stock Exchange (LON:LSEG) will continue to be BGEO, with the ISIN and SEDOL codes also unchanged. The company’s website will transition to www.lionfinancegroup.uk to reflect the new corporate identity.
This rebranding, registered by Companies House today, will be updated on the London Stock Exchange in due course. The information is based on a press release statement from Lion Finance Group PLC.
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