BGEO group profit boosted by banking and healthcare businesses

February 16, 2016 7:34 AM

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Feb 16 BGEO Group Plc, the holding company for JSC Bank of Georgia, reported a 29.1 percent rise in full-year profit, helped by robust income in its banking and healthcare businesses, beating sluggish economic growth in the country.

The Tbilisi-headquartered bank, which was called Bank of Georgia Holdings until November, said profit rose to 310.9 million Georgian laris ($125.4 million) in the year ended Dec. 31 from 240.7 million Georgian laris a year earlier.

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