LONDON - Bank of Georgia Group PLC (LSE: LON:BGEO LN), part of the FTSE 250 index and parent company of leading digital banks in Georgia and Armenia, has announced the appointment of J.P. Morgan Securities plc as its joint corporate broker. The appointment takes effect immediately, with J.P. Morgan Cazenove operating alongside the existing broker, Cavendish Capital Markets Limited.
The move was disclosed by Nini Arshakuni, Head of Investor Relations at Bank of Georgia Group, and is part of the banking group's strategy to expand its financial services and maintain a strong presence in the market. The group, which operates Bank of Georgia and Ameriabank, focuses on delivering customer-centric banking services in the rapidly growing Georgian and Armenian markets.
Bank of Georgia Group is known for its commitment to driving business growth and sustaining high profitability, as well as generating substantial returns for stakeholders. The company also emphasizes its role in contributing positively to the communities where it operates.
The appointment of J.P. Morgan as a corporate broker is expected to support Bank of Georgia Group's ongoing efforts to engage with the investment community and ensure the continued growth of its banking subsidiaries. This strategic partnership reflects the group's dedication to maintaining a robust financial position and enhancing its investor relations.
The information regarding this new appointment is based on a press release statement provided by the Bank of Georgia Group. The company has not offered any securities in connection with this announcement.
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