London, 3 October 2024
Bank of Georgia Named World's Best Digital Bank 2024 by Global Finance
Bank of Georgia Group PLC (the "Group") announces that its subsidiary, JSC Bank of Georgia (the "Bank" or "Bank of Georgia") has been recognised as the World's Best Digital Bank 2024 by Global Finance. As part of Global Finance's 25th Annual World's Best Digital Bank Awards programme, Bank of Georgia has also been named Best Consumer Digital Bank within the global category.
In addition to these major global awards, Bank of Georgia has also won the Best Corporate/Institutional Digital Bank and Best Consumer Digital Bank in the Central and Eastern Europe regional awards. Notably, another subsidiary of the Group, JSC Ameriabank, has been recognised as the best in Armenia by Global Finance Magazine across six categories, including Best in Innovation, Best in Transformation and Best SME Banking/SME Platform.
Archil Gachechiladze, CEO of Bank of Georgia, commented: "We are delighted with this significant recognition as the world's best digital bank by Global Finance. At Bank of Georgia, we consistently focus on tailoring banking solutions to our customers' unique needs. In today's ever-evolving landscape of financial services, we strive to deliver a user experience that is customer-centric, straight-forward, and inclusive. As the clear digital banking leader in Georgia, with more than 1.5 million monthly active users of our retail digital channels, we continue to set the bar higher for ourselves and drive innovation that benefits the communities where we operate. I would like to thank the entire team at Bank of Georgia for their dedication to customer-centricity and digital excellence - two key pillars of sustainable value creation that have underpinned our excellent levels of growth and profitability over the last few years. I would also like to thank Global Finance for this global recognition."
Joseph D. Giarraputo, Global Finance's founder and editorial director, commented: "The rapid advancements in fintech, the rise of digital currencies, and the increasing importance of cybersecurity are continually redefining the benchmarks for exceptional digital banking services. Global Finance's Best Digital Bank Awards celebrate the financial institutions that are leading the way with innovative digital solutions and setting new standards in the industry.
About Global Finance:
Global Finance, founded in 1987, has a circulation of 50,000 and readers in 193 countries and territories. Global Finance's audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its website - GFMag.com - offers analysis and articles that are the legacy of 35 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.
Bank of Georgia has received top recognition in both global and regional categories, including:
Global Awards:
World's Best Digital Bank
Best Consumer Digital Bank
Global Sub-Category Awards:
Best Online Investment Management Services
Best Online Treasury Services
Best in Social Media Marketing and Services
Best Bill Payment & Presentment
Best in Lending
Regional Awards, Central & Eastern Europe:
Best Corporate/Institutional Digital Bank
Best Consumer Digital Bank
Name of authorised official of issuer responsible for making notification: Nini Arshakuni, Head of Investor Relations
About Bank of Georgia Group PLC
Bank of Georgia Group PLC (LSE: BGEO LN) is a FTSE 250 holding company whose subsidiaries provide banking and financial services focused in the high-growth Georgian and Armenian markets through leading, customer-centric, universal banks - Bank of Georgia in Georgia and Ameriabank in Armenia. By building on our competitive strengths, we are committed to driving business growth, sustaining high profitability, and generating strong returns, while creating opportunities for our stakeholders and making a positive contribution in the communities where we operate.
Legal Entity Identifier: 213800XKDG12NQG8VC53
For further information, please visit www.bankofgeorgiagroup.com or contact:
| Michael Oliver | Nini Arshakuni |
| Adviser to the CEO | Head of Investor Relations |
| +44 203 178 4034 | +995 322 444 444 (7515) |
| ir@bgeo.com |
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