Bank of Georgia Group announced on Thursday that its banking subsidiary JSC Bank of Georgia has been recognised as the 'Best Sub-Custodian Bank in Georgia 2018' by Global Finance.
The FTSE 250 firm, formerly known as BGEO Group until a recent demerger, said the editorial review board of the Global Finance magazine considered market research, input from "expert sources" and entry information from banks to select the institutions that reliably provided the "best services" in local markets and regions.

It said the criteria for selection included customer relations, quality of service, competitive pricing, smooth handling of exception items, technology platforms, post-settlement operations, business continuity plans and knowledge of local regulations and practices.

"We are pleased to be named as the leading sub-custodial services provider in Georgia," said the bank's CEO Kaha Kiknavelidze.

"Bank of Georgia is committed to offering its clients best-in-class custodial and settlement services for both local and international securities.

"We value the trusting relations we have established with our customers and aim to enhance them through client-centric experiences in our securities services."

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