Overview
Bank of Georgia Group PLC, now named Lion Finance Group PLC, is a banking and financial-services group centered on universal banking in Georgia and Armenia. Its principal operations are Bank of Georgia and Ameriabank, with business spanning retail, SME, and corporate and investment banking; other activities include investment banking through Galt & Taggart and smaller operations in Belarus.[1][2][3]
The group’s stated purpose is to create opportunities for stakeholders and contribute positively to the communities where it operates; Bank of Georgia describes its mission as supporting people who help build a better Georgia. Its defining footprint is regional rather than global, with its main banking businesses in Georgia and Armenia and a smaller presence in Belarus.[1][4] [1][2][3][4]
Products & services
Bank of Georgia offers retail consumer, mortgage and auto loans; debit and credit cards, including Visa, Mastercard and American Express; and accumulative, on-call, term and children’s deposits. Its mobile banking services include instant person-to-person transfers, bill payments and cross-border transfers, as well as digital card issuance, activation and controls, QR-enabled ATM cash access, video banking and personal finance management tools.[5][6][7][8][9]
Business and corporate offerings include loans and pre-approved credit limits, factoring, guarantees, term and demand deposits, documentary trade-finance services including letters of credit, and merchant payment services through POS terminals and e-commerce. Business digital banking supports transfers, payroll, supplier payments, invoicing and transaction tracking. Its APIs enable businesses to embed transfers, statements, balances and exchange-rate information in their applications, and provide online payments and installment capabilities.[10][11][12][13][14][15][16][17][18]
The Group’s Ameriabank business in Armenia also offers MyAmeria, a retail app supporting transfers, bill and QR payments, digital card orders, pre-approved loans, buy-now-pay-later, overdrafts, credit lines, deposits and savings; linked services include investment, travel, events, cars and housing. At year-end 2025, Bank of Georgia’s segment loan, finance-lease and factoring receivables were 55% corporate and 45% retail; customer deposits and notes were 46% corporate and 54% retail. Mortgages represented 52.2% of the retail loan book in FY25.[19][20][21] [8][9][10][11][12][19][20][21][5][6][7][13][14][15][16][17][18]
Geographic presence
Bank of Georgia Group operates primarily in Georgia and Armenia through Bank of Georgia and Ameriabank, respectively. It also has a presence in Belarus through JSC Belarusky Narodny Bank, which serves retail and SME clients; JSC Digital Area is based in Georgia.[1][2]
At 31 December 2025, Bank of Georgia had 200 branches in Georgia. The FY2025 reporting presents business divisions rather than a country-by-country revenue split, so it does not state geographic revenue percentages in that breakdown.[22][23] [1][2][22][23][22]
Business segments
For FY2025, the Group reported Georgian Financial Services (GFS), Armenian Financial Services (AFS) and Other Businesses. GFS comprises the Georgian financial-services operations, including Bank of Georgia and Galt & Taggart, and serves retail, high-net-worth, SME and corporate clients. Its FY2025 segment profit was approximately GEL 1,709 million, about 78% of Group profit before one-offs.[24][25]
AFS is the Group’s Armenian financial-services business, centered on Ameriabank. Its FY2025 segment profit was approximately GEL 452 million, or about 21% of Group profit before one-offs. Other Businesses and remaining group items account for an estimated 1% on the same basis; this is a calculated residual, not a separately cited segment-profit figure. Percentages are approximate and use FY2025 Group profit before one-offs of GEL 2,192.8 million as the denominator.[24]
The latest available interim report as of 4 October 2026 is 1H2026; the contribution estimates above use FY2025 full-year segment figures.[26] [24][25][26]
Company history
Bank of Georgia was established as a joint-stock company in 1994, based on the former state bank Binsotsbank. It introduced Georgia’s first plastic card in 1996 and its first ATM in 1998. The Bank expanded through acquisitions, including TbilUniversalBank, whose merger was completed in 2005, and Universal Bank for Development & Partnership, acquired in 2007. It listed on the London Stock Exchange in 2006 and agreed to acquire a 70% stake in Belarusky Narodny Bank in 2008, later increasing its stake to 99.96% in 2010.[27][28][29][30][31][32]
In 2011–12, a holding company, Bank of Georgia Holdings plc, made an offer for the Bank’s shares and began trading on the LSE Main Market. A 2015 reorganisation separated banking and investment activities under a holding-company structure, and the holding company was renamed BGEO Group PLC. In 2018, the investment business was demerged as Georgia Capital and the listed banking-focused company became Bank of Georgia Group PLC. In 2019, Archil Gachechiladze was appointed Group and Bank CEO. The Group completed its acquisition of 90% of Armenia’s Ameriabank in 2024; in February 2025, Bank of Georgia Group PLC changed its name to Lion Finance Group PLC, while Bank of Georgia and Ameriabank retained their brands.[33][34][35][36][37][38][39][40] [27][28][29][30][31][32][33][34][35][36][37][38][39][40]
Sources
- BANK OF GEORGIA GROUP — Press release (2026 Q 1)
- m.bankofgeorgia.ge[4]
- m.bankofgeorgia.ge[5]
- m.bankofgeorgia.ge[6]
- m.bankofgeorgia.ge[7]
- BANK OF GEORGIA GROUP — Presentation (2026 Q 1)
- BANK OF GEORGIA GROUP — Presentation (2025 Y)
- m.bankofgeorgia.ge[13]
- m.bankofgeorgia.ge[14]
- m.bankofgeorgia.ge[15]
- m.bankofgeorgia.ge[16]
- api.bog.ge[17]
- api.bog.ge[18]
- reportal.ge[22]
- BANK OF GEORGIA GROUP — Press release (2025 Y)[23]
- ramad.bog.ge[24]
- lionfinancegroup.uk[25]
- ramad.bog.ge[26]
- m.bankofgeorgia.ge[27]
- ramad.bog.ge[28]
- lionfinancegroup.uk[29]
- lionfinancegroup.uk[30]
- georgiacapital.ge[31]
- georgiacapital.ge[32]
- ramad.bog.ge[33]
- ramad.bog.ge[34]
- lionfinancegroup.uk[35]
- lionfinancegroup.uk[36]
- lionfinancegroup.uk[37]
- lionfinancegroup.uk[38]
- lionfinancegroup.uk[39]
- lionfinancegroup.uk[40]
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