Bank Of Georgia (LSE:BGEO)
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RNS Number : 4188N
Bank of Georgia Group PLC
24 September 2019
London, 24 September 2019
Bank of Georgia Group launches Optimo - a digital solution for MSME sales and operations
Bank of Georgia Group PLC (the "Group") announces the launch of Optimo ("Optimo" or the "Platform") - a digital solution for our customers to run their business sales and operations. The platform is designed to address the needs of micro, small and medium sized enterprises in optimising their day-to-day operations and better managing their businesses in general. Optimo's cutting-edge digital solution, with integrated software and a rich variety of functions and analytical tools, enables businesses to easily access their most recent data on sales transactions, inventory, revenues and profitability, anytime and anywhere, and make timely decisions with relevant information at hand.
Archil Gachechiladze, the Group CEO commented: "I am very pleased to see that the Group's support for MSMEs has extended to offering them superior digital solutions such as Optimo. In addition to being dedicated to designing the most needed financial products for MSMEs, we would like to further contribute to their success and development by offering them prompt and easy access to critical data on their businesses, as well as possible solutions to better manage their enterprises. Our aim with Optimo is to significantly improve and simplify the way MSMEs manage their business processes and help them focus on progress and future development."
Name of authorised official of issuer responsible for making notification: Natia Kalandarishvili, Head of Investor Relations and Funding
About Bank of Georgia Group PLC
Bank of Georgia Group PLC ("Bank of Georgia Group" or the "Group" - LSE: BGEO LN) is a UK incorporated holding company, which comprises: a) retail banking and payment services, b) corporate and investment banking and wealth management operations and c) banking operations in Belarus ("BNB"). JSC Bank of Georgia ("Bank of Georgia", "BOG" or the "Bank"), the leading universal bank in Georgia, is the core entity of the Group. The Group targets to benefit from superior growth of the Georgian economy through both its retail banking and corporate and investment banking services and aims to deliver on its strategy, which is based on at least 20% ROAE and c.15% growth of its loan book.
JSC Bank of Georgia has, as of
the date hereof, the following
Fitch Ratings 'BB-/B'
Moody's 'Ba3/NP' (FC)
& 'Ba2/NP' (LC)
For further information, please visit www.bankofgeorgiagroup.com or contact:
Archil Gachechiladze Michael Oliver Sulkhan Gvalia Natia Kalandarishvili
CEO Adviser to the CFO Head of Investor
+995 322 444 444
+995 322 444 144 +44 203 178 4034 +995 322 444 108 (9282)
email@example.com firstname.lastname@example.org email@example.com firstname.lastname@example.org
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(END) Dow Jones Newswires
September 24, 2019 02:01 ET (06:01 GMT)