Georgia Capital PLC (the “Group” or “Georgia Capital”) announces that Bank of Georgia Group (the “Bank”) has today published an update on its expected minimum capital requirements, and has confirmed that it is no longer utilising any regulatory capital buffers. The Bank no longer has any regulatory restriction on making any capital distributions.
It is the Bank Board’s intention to change its dividend declaration policy to a semi-annual one, with the first interim dividend payment to be considered in the second half of 2021, on the back of 1H 2021 performance.
The full announcement is available on the Bank’s website at https://bankofgeorgiagroup.com/news
