Business
Bank of Georgia Executive Management Updates
Lion Finance Group PLC announced executive management changes at its subsidiary, JSC Bank of Georgia, effective January 1, 2026. Mikheil Gomarteli will step down from his executive role as Deputy CEO, Head of Strategic Projects, and Head of Payments, after 28 years of service, but will remain in a non-executive capacity. Levan Kobakhidze, who previously led Digital Channels and has experience at Wells Fargo, will take over as the new Head of Payments business, bringing expertise in digital ecosystems and payment technologies to further grow the payments segment. Disclaimer*
About this update from Lion Finance Group Plc
[{"type":"text","content":"\n\n\n \nLondon, 30 December 2025\n \n \n Bank of Georgia Executive Management Updates\n \nLion Finance Group PLC (the \"Company\" or the \"Group\") announces updates within the Executive Management team of its Georgian banking subsidiary, JSC Bank of Georgia (the \"Bank\").\n \nMikheil Gomarteli, acting as Deputy CEO, Head of Strategic Projects, and overseeing the Payments business, is stepping down from the executive role from 1 January 2026, but will remain in a non-executive role across the Group's various subsidiaries. Mikheil served at Bank of Georgia for 28 years in senior and executive roles, having been instrumental in building the retail banking franchise and bringing key banking innovations to the local market.\n \nLevan Kobakhidze has been appointed as Bank of Georgia's new Head of Payments business. Levan joined the Bank in 2019 and, until 2023, served as Head of Digital Channels, where he played a pivotal role in strengthening the Bank's digital banking and payment capabilities. After relocating to New York City for personal reasons and serving as Executive Director of Digital Account Opening at Wells Fargo, Levan has recently returned to Georgia and rejoined our team in this new role.\nFor further information about Levan's background, please visit https://lionfinancegroup.uk/leadership-and-governance/subsidiary-management/.\n \nArchil Gachechiladze, Bank of Georgia's CEO, commented: \"I thank Mikheil for his decades of committed service to Bank of Georgia, during which he offered invaluable support and mentorship to generations of leaders and professionals. His leadership is distinguished by significant contributions to our business development, having overseen many of the Bank's key transformations and achievements.\nI also welcome Levan back to the team. Levan's expertise in digital ecosystems and payment technologies will help us further grow our payments business and deliver excellent experience to our customers.\"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \nName of authorised official of issuer responsible for making notification: Nini Arshakuni, Head of Investor Relations\nAbout Lion Finance Group PLC\nLion Finance Group PLC (LSE: BGEO LN) is a FTSE 250 holding company whose main subsidia...