Bank of Georgia Group PLC announced changes to JSC Bank of Georgia's executive management team, with effect from 1 July 2022, subject to necessary regulatory approval. David Chkonia, currently serving as Director of International Business, will be appointed as Deputy CEO - Chief Risk Officer, replacing George Chiladze, who has served in this role since 2013. Mr. Chkonia joined the Bank in 2021 and, with more than 20 years in financial services, he brings broad experience and strong expertise in risk management to this role.

In addition, Vakhtang Bobokhidze, Deputy CEO in charge of digital channels, information technology, and data analytics, has decided to step down from executive role and remain as non-executive strategic advisor to CEO. His three deputies will continue to perform their respective duties. The Group will inform the market of any further changes.