Bgeo Group Stock Earnings Reports

Lion Financial Group delivered a strong Q1 2026 driven by robust loan growth, digital traction and healthy asset quality. Group profit rose ~14% year‑on‑year with return on equity of 27.4%. Key balance sheet trends: group loans grew ~23% year‑on‑year and deposits ~17.5%. Asset quality remained strong (NPL ~2.1%; cost of risk ~0.3%—well below the 80–100bp mid‑term guidance). Georgia division (Bank of Georgia) posted profit up 11.6% to GEL 452m with ROE 31.5%, loan growth ~17.8% and strong digital metrics (2.2m retail MAU, 52.7% DAU among digital users; 88% of loans granted via digital channels). Armenia (Ameriabank) stood out with profit up 35% to GEL 129m, loan growth ~34.6% (constant currency), deposits up ~30%, and rapid digital adoption (digital MAU +47% y/y). Group operating income rose ~15% (NII +18.4%); net fee income was solid while FX income was muted amid low volatility. Costs rose but remain a focus; cost/income ~35%. Capital and liquidity are comfortable: CET1 buffers, group guidance of 15% annual loan‑book growth, and the group announced a Q1 capital distribution of GEL 177m (GEL 122m dividends + GEL 55m share buyback). Macro outlook: management raised 2026 GDP forecasts to ~7% for Georgia and ~6% for Armenia, while noting elevated inflation, limited FX volatility so far, central bank prudence (recent 25bp hike in Georgia), and downside risks from Middle East tensions but with potential medium‑term upside via increased strategic trade corridor relevance. Management reiterated mid‑term cost‑of‑risk guidance (80–100bp) and said current low risk metrics reflect strong economic conditions and unchanged underwriting. M&A interest remains selective; capital deployment priorities will be assessed against organic returns and buyback opportunities.