Bank of Georgia Group PLC announces JSC Bank of Georgia profits for the first nine months of 2023

Bank of Georgia Group PLC (the “Company” or the “Group”) announces that its regulator, the National Bank of Georgia (the “NBG”), has published the unaudited profits of the regulated Georgian commercial banks for the first nine months of 2023. The unaudited profit figure which was disclosed by the NBG for JSC Bank of Georgia, the regulated banking subsidiary of the Group, for the first nine months of 2023 is GEL 981.9 million. This figure is accurate, but it only represents the JSC Bank of Georgia earnings, rather than the fully consolidated Group profit, for the period.

In the first half of 2023, JSC Bank of Georgia published profits of GEL 651.1 million, whereas the fully consolidated profit of Bank of Georgia Group PLC for the same period was GEL 709.9 million.

The fully consolidated results of Bank of Georgia Group PLC for the first nine months of 2023 will be published on 14 November 2023.