Business
BOGG PLC 4Q22 & FY22 preliminary financial results
BOGG PLC 4Q22 & FY22 preliminary financial results.
About this update from Lion Finance Group Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Bank of Georgia\n \n \n \n \n Group PLC\n \n \n \n Fourth Quarter and Full Year 2022\n \n \n Preliminary Results\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Name of authorised official of issuer responsible for making notification:\n \n \n \n \n Nini Arshakuni, Head of Investor Relations\n \n \n \n \n \n \n \n \n \n \n \n \n www.bankofgeorgiagroup.com\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n ABOUT BANK OF GEORGIA GROUP PLC\n \n \n \n \n \n \n \n \n Bank of Georgia Group PLC (the \"Group\" and on the LSE: BGEO LN) is a UK-incorporated holding company. The Group mainly comprises: a) retail banking and payments business (Retail Banking); and b) corporate banking\n and\n investment banking operations (Corporate and Investment Banking) in Georgia. \n \n \n \n \n \n JSC Bank of Georgia (\"Bank of Georgia\", \"BOG\", or the \"Bank\"), a systematically important and leading universal bank in Georgia, is the core entity of the Group. The Bank is a leader in the payments business and financial mobile application, with strong retail and corporate banking franchises. In line with our digital strategy, the Group focuses on expanding technological and advanced data analytics capabilities to offer more personalised solutions and seamless experiences to our customers. Employee empowerment, customer satisfaction, and data-driven decision-making, together with the strength of the banking franchise, are key enablers of the Group's sustainable value creation. By building on its competitive strengths and uncovering more opportunities, the Group is committed to delivering strong profitability sustainably and maximising shareholder value.\n \n \n \n \n \n The Group expects to benefit from the growth of the Georgian economy, and through both its Retail Banking and Corporate and Investment Banking operations, it aims to deliver on its strategy and its key medium-term objectives ̶ at least 20% return on average equity (ROAE) and c.10% growth of its loan book.\n \n \n &n...