Bank of Georgia Group PLC (FRA:GEB)
€ 55 -0.5 (-0.9%) Market Cap: 2.35 Bil Enterprise Value: 3.10 Bil PE Ratio: 3.12 PB Ratio: 1.06 GF Score: 82/100

Q4 2019 Bank of Georgia Group PLC Earnings Call Transcript

Feb 13, 2020 / 01:00PM GMT
Release Date Price: €38.84
Operator

Ladies and gentlemen, thank you for standing by. Welcome to the fourth quarter and full year 2019 financial results conference call. (Operator Instructions) I must advise you that this conference is being recorded today, Thursday, 13th of February 2020. I would now like to hand the conference over to your first speaker today, Archil Gachechiladze. Thank you. Please go ahead.

Archil Gachechiladze
Bank of Georgia Group PLC - CEO & Director

Thank you, operator. Very good job pronouncing my not-so-easy name. Welcome, everybody. Thank you for joining this call, and I will jump into basically the results.

So in -- the results are pretty strong, as you might have seen, but I would like to give a little bit of a background. As you remember, in the beginning of the year, given the amount of new regulation and completely new environment, it was very unclear how the overall year will work out. I think we can clearly say now that it worked out fine and was fully readjusted to the new environment.

Now what does that mean? I will try to explain that.

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