Latest Annual Report
Chairman’s statement
As I write this letter, Lion Finance Group is confirmed as a constituent of the FTSE 100 index. This milestone reflects years of disciplined execution and a clear focus on delivering sustainable success.
Mel Carvill
Board Chairman
Chief Executive Officer’s statement
2025 was another record year for Lion Finance Group, as we delivered strong financial results across our core businesses. Profit before one-offs reached GEL 2.2 billion, up 20.9% year-on-year, with adjusted return on average equity at 28.4%.
Archil Gachechiladze
Chief Executive Officer
Year in review
Name change to Lion Finance Group PLC
In February 2025, the Group changed its name from Bank of Georgia Group PLC to Lion Finance Group PLC. This change reflects our broader geographical presence following the acquisition of Ameriabank, Armenia’s leading bank, in March 2024. While the Company adopted a new name, our principal entities – Bank of Georgia and Ameriabank – continue to operate under their established brands in their respective markets.
Global recognition for digital excellence
Bank of Georgia, one of the Group’s principal entities, was named the “World’s Best Digital Bank” by Global Finance for the second consecutive year. This recognition underscores Bank of Georgia’s continued leadership in digital innovation and its commitment to delivering an exceptional customer experience.
GEL Eurobond issuance
Bank of Georgia successfully priced a GEL 450 million offering of 11.50% senior unsecured Notes (the “Notes“) due 17 November 2028. The Notes are denominated in GEL. Rated Ba2 by Moody’s and listed on the Irish Stock Exchange, this transaction was the largest local-currency Eurobond issued by a private sector entity across the Caucasus, Turkey, and Central Asia in 2025.
Sustainable business
We are pleased to announce the publication of our first standalone 2025 Sustainability Report, providing detailed insights into our ESG strategy and progress. View our first standalone Sustainability Report
