Bank of Georgia finds market hard to please

Shares in Bank of Georgia Holdings have been in the doghouse since the election upset in Georgia at the beginning of October and Thursday's third quarter figures did little to reverse the trend, despite a solid increase in profits.

Shares in Bank of Georgia Holdings have been in the doghouse since the election upset in Georgia at the beginning of October and Thursday's third quarter figures did little to reverse the trend, despite a solid increase in profits.

Revenue in the first nine months of 2012 rose 16.2% to 370.0m lari (GEL) from GEL.318.3m in the corresponding period of 2011.

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