Bank of Georgia Group Plc on Monday posted an 18.8 percent surge in first-quarter profit, driven by its banking and investment businesses, over the back of strong macroeconomic performance and business outlook in Georgia.
Bank of Georgia Group Plc is a new parent company of BGEO Group Plc, it said from a statement. BGEO Group includes the banking and investment businesses ahead of the latter’s separation from the Bank of Georgia Group on May 29.
The Tbilisi-based company said profit rose to 128.Six million laris ($52.9 million) during the quarter from 108.2 million laris last year.
