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Societe Generale Offered Position for Georgian Banker Ramaz Kukuladze

Ramaz Kukuladze, general director of “Bank Republic” remains in the French group. The Top Manager took offer from Societe Generale, it is unprecedented case in the history of the banking group, which is represented in 5 continents.

The banker manages “Bank Republic” from 2011 and the strategic goal of the bank to become “the most desirable bank by 2015” has been determined by that time. According to the statistics, the bank persistently keeps the highest indicators (ROA; ROE) of profitability through the years.

As known, at the final stage of negotiations on merger with “Basis Bank”, TBC Bank revealed decision to acquire assets by TBC Bank. Lasha Papashvili, founder of the bank, whose successful deal is to bring Societe at Georgian market in 2006 declared to TV-company Masetro (Business Contact), that it could not be resisted.

Vectors have changed at the map of the World Bank in 2008 and exit of the group from Georgia is a global strategy. However, the Regulatory should take care of arrangement of corridor for the biggest banking groups. The Regulatory must work to establish such players on the market. Lasha Papashvili does not expect changes on the market in the nearest future.