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Bank of Georgia Holdings Plc

Bank of Georgia Holdings Plc

Sector: Offices Of Bank Holding Companies Region: United Kingdom


: | London Stock Exchange: BGEO


Similar to: Huntington Bancshares, Inc.

Bank of Georgia Holdings Plc operates as a bank holding company. The company through its subsidiary, Bank of Georgia JSC offers a broad range of corporate banking, retail banking, wealth management, brokerage and insurance services to its clients. It operates through eleven segments: Retail Banking, Corporate Banking, Wealth Management, Corporate Centre, Insurance, Healthcare, Affordable Housing, BG Capital, BNB & BGB, Liberty Consumer and Others. The Retail Banking segment provides consumer loans, mortgage loans, overdrafts, credit card facilities and other credit facilities as well as funds transfer and settlement services. The Corporate Banking segment provides loans and other credit facilities to legal entities, as well as providing funds transfers and settlement services, trade finance services and documentary operations support, handling saving and term deposits for corporate and institutional customers. The Wealth Management segment provides private banking services to resident as well as non-resident individuals, as well as providing wealth and asset management services through different investment opportunities and specifically designed investment products. The Corporate Centre segment provides back office services to all operating segments of the bank as well as holding all principal investments in subsidiaries. The Insurance segment provides wide-scale non-life insurance services to corporate clients and insured individuals. The Healthcare segment provides wide-scale healthcare services to clients and insured individuals. The Affordable Housing segment comprises JSC SB Real Estate, holding investment property repossessed by the bank from defaulted borrowers, managing those properties, developing and selling affordable residential apartments. The BG Capital segment provides brokerage, custody and corporate finance services to individuals as well as to corporate customers. The BNB & BGB segment comprises JSC Belarusky Narodny Bank and JSC BG Bank, which provides retail and corporate banking services in Belarus. The Liberty Consumer segment engages in holding private equity investments in several non-core business enterprises, such as winery, fitness centre, travel agencies, outdoor or indoor advertising company, regional car dealership, hotels and restaurants management chain and other smaller investments. The Other segment comprises JSC Galt & Taggart Holding Georgia, a shell company, principally holding investments in subsidiaries of the Bank. The company was founded on October 14, 2011 and is headquartered in London, the United Kingdom.

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