|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||1,309.00 - 1,341.89|
|52-week range||1,299.60 - 1,927.00|
|Beta (3Y monthly)||0.35|
|PE ratio (TTM)||N/A|
|Earnings date||14 May 2018 - 18 May 2018|
|Forward dividend & yield||1.44 (10.81%)|
|1y target est||75.67|
This could be one of the most undervalued stocks in the FTSE 250 (LON:INDEXFTSE:MCX) writes Rupert Hargreaves.
With Brexit casting a huge shadow over Lloyds Banking Group plc (LON: LLOY), Royston Wild picks out a bank with much better dividend prospects.
The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, ...
London-listed Bank of Georgia's first-quarter adjusted earnings jumped 10.4% as lending rose supported by a robust economy, but its net interest margin shrunk as new rules hit unsecured consumer lending. The lender said adjusted net profit rose to 112.2 million laris ($41.07 million) for the three months ended March 31 from 101.7 million laris reported a year earlier. In comparison, Georgia's biggest retail lender and Bank of Georgia's main rival TBC Bank Group reported a surge in first-quarter profit this week, helped by a strong loan book.
Georgia's largest retail lender TBC Bank Group said on Monday that first-quarter earnings surged 36.7 percent, the biggest jump in seven quarters, as its loan book grew on the back of a stable economy. The bank, which listed in London in 2016 to gain more access to a global investor base, said net profit advanced to 133.3 million laris ($48.83 million), for the three months ended March 31, from 97.5 million laris reported a year earlier. TBC, which serves retail, corporate and small and medium-sized enterprise customers across the country, said gross loans and advances to customers rose 22.9 percent to 10.37 billion laris from last year.
Bank of Georgia Group Plc expects around 15 percent growth both in profit and lending in the medium term and feels confident in its capital adequacy position, the bank's chief executive said. The bank, one of the leading banking groups in the country, reported 14.5 percent growth in revenue in 2018 and 25.1 percent growth in profit before non-recurring items and tax. Net profit was up 5.5 percent.
Georgia's biggest retail bank TBC Bank Group Plc reported a 21.5 percent jump in full-year earnings on Thursday and took action to resolve a dispute with the country's central bank over its corporate bank subsidiary. TBC, which serves retail, corporate and small and medium-sized enterprise customers across the country, said profit rose to 437.4 million lari ($165.24 million) in the 12 months ended Dec (Shanghai: 600875.SS - news) . TBC's corporate division, TBC Bank JSC, said it would pay about 1 million lari to the National Bank (Athens: ETEE.AT - news) of Georgia related to an investigation into certain transactions.
Bank of Georgia Group Plc reported an 11.8 percent jump in annual profit on higher lending thanks to a growing Georgian economy, but warned that growth of unsecured consumer loans would moderate on the back of some newer rules. Georgia's economy slowed marginally in 2018 but still grew 4.8 percent, helping the Tbilisi-based bank, which offers retail, corporate and investment banking, and wealth management, to report 22.2 percent growth in its loan book to 9.40 billion laris ($3.57 billion). Pretax profit rose to 437.5 million laris ($166.10 million), for the 12 months ended Dec (Shanghai: 600875.SS - news) .
(Adds company news items and futures) Feb 19 (Reuters) - Britain's FTSE 100 index is seen opening 8 points higher at 7,228 on Tuesday, according to financial bookmakers, while FTSE 100 futures were down ...
Bank of Georgia Group Plc reported an 11.8 percent jump in annual profit on higher lending thanks to a growing Georgian economy, but warned that growth of unsecured consumer loans would moderate on the ...
Bank of Georgia Group Plc brought back former executive Archil Gachechiladze to head the London-listed lender, replacing Kaha Kiknavelidze who will step down as chief executive officer at the end of the month, the company said on Thursday. Gachechiladze will join the company from his current role as CEO of Georgia Global Utilities. Bank of Georgia shares plunged 40 percent last year, and in December the bank said that after a period of reflection it had agreed with Kiknavelidze that the time was now right for a new CEO to take the business to its next phase.
Bank of Georgia Group Plc named Archil Gachechiladze as chief executive officer, replacing Kaha Kiknavelidze who will step down at the end of the month, the company said on Thursday. Gachechiladze will ...
While the bank said it was "pleased" with Kiknavelidze's achievements as CEO, its shares have fallen 46 percent from a record high hit in early January, erasing almost two years of gains. In contrast, shares in Bank of Georgia's rival and the country's top retail lender, TBC Bank Group Plc (TBCG.L), have fallen 16 percent since the start of the year. The board of directors, after a period of reflection, had agreed with Kiknavelidze that the time was now right for a new CEO to take the business to its next phase, Bank of Georgia said.
Investment firm Georgia Capital Plc has dropped plans to reduce its 57 percent stake in Georgia Healthcare Group Plc, saying it expected strong growth from the business and had already fully funded other investment plans. Georgia Capital, a wide-ranging investment business focussed in the Black Sea state and hived off from BGEO Group Plc (Frankfurt: A1JRZ7 - news) earlier this year, said during the demerger it was "highly probable" it would own less than a 50 percent stake in (GHG) at the end of 2018. "Over the last few months GHG's share price has, in our view, not reflected the company's strong performance and excellent growth prospects," said Irakli Gilauri, Georgia Capital Chairman and CEO.