Bank of Georgia Group welcomes Mariam Megvinetukhutsesi to its Board as Independent Director

– UK, London –  Bank of Georgia Group PLC (LON: BGEO) today announced the appointment of Mariam Megvinetukhutsesi to its Board as an independent non-executive director, effective from 12 March 2021.

“We are pleased to welcome Mariam to our Board of Directors. With her background in governance, regulation and financial services, Mariam is bringing valuable expertise for the Group’s future development and will further strengthen the quality and skill-set of our current Board. We have a long history of compliance with the very highest standards of current and evolving corporate governance, and we will continue to ensure that these standards remain at the highest level. ” said Neil Janin, Bank of Georgia’s Chair 

Mariam Megvinetukhutsesi has also been appointed to the Risk and the Nomination Committees and, subject to regulatory approval, will join the Supervisory Board of JSC Bank of Georgia.

The company also announced per anticipation that Neil Janin, the Chair of the Board of Directors of Bank of Georgia Group PLC, and of the Supervisory Board of JSC Bank of Georgia, will step down from these roles before the end of December 2021, but will remain on both Boards as a non-independent member to facilitate a smooth transition to a new Chair of the respective Boards; and that Tamaz Georgadze, will step down as Chair of the Risk Committees of both Boards before the end of December 2021. He will continue to serve on both Boards.

About Mariam Megvinetukhutsesi

Mariam Megvinetukhutsesi provides consulting services to businesses on governance and financial management. Previously she served as Head of Georgia’s Investors Council Secretariat from 2015 to 2019, promoting reforms for improvement of Georgia’s investment climate. She has 20 years’ prior experience in the financial services, including as Deputy CEO at TBC Bank from 2009 to 2014 and banking appointments at the European Bank for Reconstruction and Development from 1997 to 2007. Ms Megvinetukhutsesi received her undergraduate degree in Banking and Finance from Tbilisi State University and holds an MSc in Finance and Investments from the University of Edinburgh.

About Bank of Georgia Group PLC

Bank of Georgia Group PLC (LON: BGEO LN) is a UK incorporated holding company, which comprises: a) retail banking and payment services; b) corporate banking, wealth management and investment banking operations in Georgia; and c) banking operations in Belarus. JSC Bank of Georgia, the systemically important and leading universal bank in Georgia, is the core entity of the Group. The Bank is a leader in payments business and financial mobile application, with the strong retail and corporate banking franchise in Georgia. With a continued focus on increasing digitalisation and expanding technological and data analytics capabilities, the Group aims to offer more personalised solutions and seamless experiences to its customers to enable them to achieve more of their potential. The Group aims to benefit from growth of the Georgian economy, and through both its Retail Banking and Corporate and Investment Banking services targets to deliver on its strategy, which is based on at least 20% ROAE and c.15% growth of its loan book in the medium-term.

For more information : https://bankofgeorgiagroup.com

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