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Highlights:
Bank of Georgia Group PLC appoints J.P. Morgan Securities as its joint Corporate Broker alongside Cavendish Capital Markets.
The appointment is effective immediately, marking a significant step in the company’s corporate strategy.
Bank of Georgia Group PLC operates leading universal banks in Georgia and Armenia, focusing on high-growth markets.
Bank of Georgia Group PLC, (LSE:BGEO) a FTSE 250 company, has announced the appointment of J.P. Morgan Securities plc, operating under the name J.P. Morgan Cazenove in the UK, as its joint Corporate Broker. This appointment is made alongside Cavendish Capital Markets Limited and will take effect immediately. The strategic move enhances the company’s corporate brokerage relationships as it continues to build on its market position.
Bank of Georgia Group PLC, which trades on the London Stock Exchange under the ticker BGEO LN, operates in the high-growth markets of Georgia and Armenia. The company provides a range of banking and financial services through its subsidiaries—Bank of Georgia in Georgia and Ameriabank in Armenia. These institutions are known for their customer-centric and comprehensive offerings, serving as universal banks in their respective countries.
The company’s leadership is committed to driving sustainable business growth and maintaining high profitability while continuing to deliver strong returns to its stakeholders. In addition, Bank of Georgia Group PLC aims to make a positive contribution to the communities in which it operates by leveraging its competitive strengths and long-standing presence in these dynamic markets.
The new corporate broker partnership with J.P. Morgan Cazenove and Cavendish Capital Markets is part of the Group's broader strategy to strengthen its corporate governance and enhance its financial advisory services. This move reflects the Group's ongoing efforts to solidify its position as a key player in the banking sector across Georgia and Armenia.
