Bank of Georgia Group PLC BOGG launches a digital solution for MSMEs (4188N)
September 24 2019 - 2:01AM
UK Regulatory
TIDMBGEO
RNS Number : 4188N
Bank of Georgia Group PLC
24 September 2019
London, 24 September 2019
Bank of Georgia Group launches Optimo - a digital solution for
MSME sales and operations
Bank of Georgia Group PLC (the "Group") announces the launch of
Optimo ("Optimo" or the "Platform") - a digital solution for our
customers to run their business sales and operations. The platform
is designed to address the needs of micro, small and medium sized
enterprises in optimising their day-to-day operations and better
managing their businesses in general. Optimo's cutting-edge digital
solution, with integrated software and a rich variety of functions
and analytical tools, enables businesses to easily access their
most recent data on sales transactions, inventory, revenues and
profitability, anytime and anywhere, and make timely decisions with
relevant information at hand.
Archil Gachechiladze, the Group CEO commented: "I am very
pleased to see that the Group's support for MSMEs has extended to
offering them superior digital solutions such as Optimo. In
addition to being dedicated to designing the most needed financial
products for MSMEs, we would like to further contribute to their
success and development by offering them prompt and easy access to
critical data on their businesses, as well as possible solutions to
better manage their enterprises. Our aim with Optimo is to
significantly improve and simplify the way MSMEs manage their
business processes and help them focus on progress and future
development."
Name of authorised official of issuer responsible for making
notification: Natia Kalandarishvili, Head of Investor Relations and
Funding
About Bank of Georgia Group PLC
Bank of Georgia Group PLC ("Bank of Georgia Group" or the
"Group" - LSE: BGEO LN) is a UK incorporated holding company, which
comprises: a) retail banking and payment services, b) corporate and
investment banking and wealth management operations and c) banking
operations in Belarus ("BNB"). JSC Bank of Georgia ("Bank of
Georgia", "BOG" or the "Bank"), the leading universal bank in
Georgia, is the core entity of the Group. The Group targets to
benefit from superior growth of the Georgian economy through both
its retail banking and corporate and investment banking services
and aims to deliver on its strategy, which is based on at least 20%
ROAE and c.15% growth of its loan book.
JSC Bank of Georgia has, as of
the date hereof, the following
credit ratings:
Fitch Ratings 'BB-/B'
Moody's 'Ba3/NP' (FC)
& 'Ba2/NP' (LC)
For further information, please visit www.bankofgeorgiagroup.com
or contact:
Archil Gachechiladze Michael Oliver Sulkhan Gvalia Natia Kalandarishvili
CEO Adviser to the CFO Head of Investor
CEO Relations
+995 322 444 444
+995 322 444 144 +44 203 178 4034 +995 322 444 108 (9282)
agachechiladze@bog.ge moliver@bgeo.com sgvalia@bog.ge ir@bog.ge
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solicitation of an offer to buy any securities
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END
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