Bank of Georgia Group PLC has acquired Ameriabank CJSC

Bank of Georgia Group plc (BOGG) has acquired Ameriabank CJSC, a leading universal bank in Armenia, significantly enhancing BOGG’s presence and growth opportunities within a fast-growing and attractive market.

Bank of Georgia Group is a UK-based company, listed on the Premium Segment of the London Stock Exchange and a constituent of the FTSE-250 index, with global and diversified institutional investors. It provides innovative and digital banking and financial solutions to retail, SME and corporate customers through its main operations in JSC Bank of Georgia – a leading universal bank in Georgia with best-in-class digital offerings. BOGG has consistently delivered strong business growth and superior profitability, enabled by its technological and analytics capabilities, customer-centricity, empowered and engaged employees and excellent brand recognition on the local market. It serves approximately 2.4 million clients.

Ameriabank CJSC is a universal bank offering corporate, investment and retail banking services in a comprehensive package of banking solutions. The bank carves out paths for improvement of its clients’ business and lifestyle, via both traditional and alternative, hyper-advanced banking technologies.

Oaklins Cavendish, based in the UK, acted as the sole sponsor to FTSE 250 company, Bank of Georgia plc.