Lion Finance Group (“the Group”) today celebrated its promotion to the FTSE 100 index, ringing the market-close bell to mark the milestone, says London Stock Exchange.
The Group, through its main subsidiaries in the high-growth Georgian and Armenian markets, provides banking and financial services through its leading universal customer-centric banks – the Bank of Georgia and Ameriabank. Both banks are top customer franchises in their local markets, together serving over 2.7 million monthly active customers.
Since listing in 2006, the company’s business model has been built around a clear ambition; to position its subsidiaries as the primary financial platform in customers’ daily lives. By leveraging its distinct customer-centric philosophy, deep digital capabilities and balance sheet strength, the Group has been able to significantly expand its customer franchise, translating into sustained profit growth and a 50-fold increase in total assets throughout the past two decades.
The Group’s admission to the FTSE 100 reflects the strength of investor confidence in the Group’s long-term track record, and the opportunity ahead. With the support of London’s deep capital markets, the Group is well-positioned to continue delivering sustainable value for all stakeholders.
Archil Gachechiladze, CEO of Lion Finance Group, commented:
"Thank you to everyone who has contributed to this achievement. With BGEO now a constituent of the FTSE 100 index, we enter an exciting new phase of growth, underpinned by our ambition to be the primary financial platform in our customers daily lives. The momentum behind the Group is strong, and our commitment remains clear – to continue delivering value for our customers and our shareholders, long into the future."
