Bank of Georgia Hldg BGEO Bank of Georgia Holdings to enter FTSE indices

  Bank of Georgia Hldg (BGEO) - Bank of Georgia Holdings to enter FTSE indices

RNS Number : 8735E
Bank of Georgia Holdings PLC
07 June 2012




                                                         London, 7 June , 2012



                                      

         BANK OF GEORGIA TO ENTER FTSE 250 AND FTSE ALL-SHARE INDICES

                                      

Bank of Georgia  Holdings PLC (LSE:  BGEO LN), (the  "Company" ), the  holding 
company of JSC Bank  of Georgia and its  subsidiaries (the "Bank"),  Georgia's 
leading bank, welcomes yesterday's announcement by the FTSE that the Company's
shares will be  included in both  the FTSE 250  Index and the  FTSE All  Share 
Index from 15 June 2012.



In order to qualify for  membership of the FTSE 250  Index, the Bank has  been 
required to meet  a number  of criteria, which  cover factors  such as  market 
capitalisation, free float  and average daily  trading. The Company  believes 
that its shares are  now likely to be  added to the holdings  of FTSE 250  and 
FTSE All Share Index Funds,  creating further significant improvements in  the 
liquidity of its securities.



Irakli Gilauri,36, Chief Executive  Officer of Bank  of Georgia Holdings  plc, 
commented:



"Our inclusion in  both the  FTSE 250 and  FTSE All-Share  Indices is  another 
major step forward for  Bank of Georgia to  further increase the liquidity  of 
our shares and  our profile  in international capital  markets, following  our 
Premium Listing in February 2012. Through our UK-incorporated holding  company 
and with our  strong track  record on corporate  governance, we  offer UK  and 
emerging market institutional  investors access to  the fast-growing  Georgian 
economy and banking sector; we are unique among FTSE banks not only because of
our emerging markets  focus but also  because of the  strength of our  balance 
sheet with a 23% core Tier I  ratio (BIS basis), our high levels of  liquidity 
and profitability and our growth prospects."

































About Bank of Georgia Holdings plc

Bank of Goergia Holdings pls is  a UK-incorporated holding company of Bank  of 
Georgia. Bank of Georgia is the  leading Georgian bank, based on total  assets 
(with a 34% market share),  total loans (with a  35% market share) and  client 
deposits (with a  34% market share)  as of 31  March 2012, all  data based  on 
standalone financial information filed by  banks in Georgia with the  National 
Bank of Georgia. The  Bank offers a broad  range of corporate banking,  retail 
banking, wealth management, brokerage and insurance services to its clients.



Bank of Georgia has, as of the date hereof, the following credit ratings:

Standard & Poor's 'BB-/B'
FitchRatings      'BB-/B'
Moody's           'B1/NP' (FC) & 'Ba3/NP' (LC)

For further information, please visit www.bog.ge/ir or contact:

Irakli Gilauri          Macca Ekizashvili       David Westover/Justin Griffith
Chief Executive Officer Head of Investor        Citigate Dewe Rogerson
                        Relations
+995 322 444 109        +995 322 444 256        +44 (0) 207 638 9571
igilauri@bog.ge         ir@bog.ge               bog@citigatgdr.co.uk



 This news report is presented for general informational purposes only
and should not be construed as an offer to sell or the solicitation of an
offer to buy any securities.



                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


MSCGLGDLRGGBGDR -0- Jun/07/2012 06:11 GMT