TBILISI, Sept 5 (Reuters) - Bank of Georgia, the country's largest bank by assets, said on Friday its first-half net profit rose to 60.3 million lari ($43.1 million) from 32.4 million lari in the same period of 2007.
Bank of Georgia is the most liquid stock on the Georgian Stock Exchange and the only Georgian lender listed on the London Stock Exchange, where it raised $160 million in an initial public offering in November 2006.
The bank is more than 80 percent owned by institutional investors, including funds such as Firebird and East Capital.
Bank of Georgia said its total assets rose 77.3 percent in the first half to 3.4 billion lari, while its total liabilities rose 72.9 percent to 2.6 billion and total client deposits rose 68.5 percent to 1.4 billion.
(Reporting by Margarita Antidze; Editing by David Holmes) ($1=1.41 lari) Keywords: BANKOFGEORGIA/RESULTS tf.TFN-Europe_newsdesk@thomsonreuters.com wj COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
Bank of Georgia is the most liquid stock on the Georgian Stock Exchange and the only Georgian lender listed on the London Stock Exchange, where it raised $160 million in an initial public offering in November 2006.
The bank is more than 80 percent owned by institutional investors, including funds such as Firebird and East Capital.
Bank of Georgia said its total assets rose 77.3 percent in the first half to 3.4 billion lari, while its total liabilities rose 72.9 percent to 2.6 billion and total client deposits rose 68.5 percent to 1.4 billion.
(Reporting by Margarita Antidze; Editing by David Holmes) ($1=1.41 lari) Keywords: BANKOFGEORGIA/RESULTS tf.TFN-Europe_newsdesk@thomsonreuters.com wj COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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