Banking
Posted: 2 weeks ago

How German MHB Bank Grew into Georgian Raisin Bank

German MHB Bank has launched operation under the name of Raisin Bank, the company founder Tamaz Giorgadze told BM.ge.

Additional 45 persons were employed in Frankfurt. BM.Ge learned about the deal in April 2019, when the Georgian founders of Raisin were waiting for the consent of the regulator.

“The deal has been completed. We have renamed the bank into Raisin Bank. The company continues operation under a new brand name. IT is interesting that we are implementing investments into the bank, new technologies and purchasing new banking systems”, Raisin founder Tamaz Giorgadze said.

We did not have a banking license and this factor was creating problems for business expansion in Europe. Having obtained the banking license, Raisin Bank managed to enter Irish market too.

“Ireland was one of similar countries. We could not enter this market, because we did not own a banking license. Now we have entered the Irish market under this banking license and bank name. Raisin Bank started providing banking services to our consumers 1 month ago”, Tamaz Giorgadze said.