- Lion Finance Group
- 25 February 2025 08:42:42
Source: Sharecast
The company this month changed it name from Bank of Georgia Group to better reflect its broader geographical presence following its acquisition of Armenia's largest bank, Ameriabank, in 2024.
Adjusted profits totalled GEL1.81bn (£0.5bn) in 2024, up 31.9% on the year before, with operating income jumping 40.8% to GEL3.56bn.
The loan book increased 65.9% year-on=year to GEL33.56bn, driven by strong growth in both Georgian and Armenian business, as well as the consolidation effect of Ameriabank.
The board declared a final dividend of GEL5.62 per share, bringing the total payout to GEL9.00, up 12.5% on 2023's payout.
In addition, the board approved a further GEL107.7m share buyback plan, bringing its overall payout ratio to 31% for 2024.
"Moving into 2025, we remain focused on driving strong customer franchise growth and high profitability across our main markets," said chief executive Archil Gachechiladze.
Shares were up 8.7% at 5,770p by 0840 GMT.