Posted: 3 years ago

Irakli Elashvili to Lead the Management Team of FINCA Bank

Irakli Elashvili will lead the management team of FINCA Bank.

Irakli Elashvili Finca Bank Georgia is the CEO and Chairman of the Board of Directors. He joined FINCA Bank as CEO in September 2020. He has many years of experience working in the financial and banking sectors in organizations such as Barclays Bank, BNP Paribas and TBC Capital in Georgia, Azerbaijan and the United Kingdom. In 2017-2019, Irakli was the Director of TBC Capital and a member of the Supervisory Board of the Georgian Stock Exchange. Prior to joining the financial sector, Irakli worked as a Management Consultant and various executive positions at PA Consulting Group, a leading global consulting firm in the energy sector in Georgia. Irakli holds a Master of Business Administration degree from London Business School (2008), as well as a Bachelor's degree in Banking and Finance from Ivane Javakhishvili Tbilisi State University (2002).

"Welcome to the new member of the global team of FINCA Impact Finance. I am sure that Irakli, with his rich experience, will effectively lead the implementation of Finca Bank's ambitious plans. The goal is one - FINCA Bank, in its segment, to take a leading position in the market as a growth-oriented, profitable financial institution that offers customers new opportunities and the best experience with the bank, "said Florin Lila, FINCA Impact Finance Director, Eurasian Region Chairman of the Supervisory Board.

"It is a great honor for me to join a global banking organization with high social responsibility and its highly professional team. I am pleased that the Bank’s international shareholders and Supervisory Board have expressed their confidence in me to lead FINCA Bank to a new stage of transformation and development. FINCA Bank's primary task is to introduce a high standard of service, including in the regions of Georgia for the large part of the population for whom access to full banking services is still low. Finca Bank, more than ever before, will offer customers innovations with a high standard of service and will be focused on creating added value for them. Also, our goal will be to contribute to the reduction of poverty in the country and the recovery of specific sectors of the economy. I am confident that the large family of FINCA Bank, all employees of the bank, will successfully respond to these major challenges, continue to introduce high social responsibility in the Georgian banking sector and make a significant contribution to the growth and transformation of the bank, "- said Irakli Elashvili, CEO of FINCA Bank.

Joint Stock Company FINCA Bank Georgia is the representative office of FINCA Impact Finance international financial network in Georgia. FINCA started operating in Georgia in 1998 and operated as a microfinance institution until August 6, 2013. On August 6, 2013, the Institute received a banking license.

Finca Bank has strong international shareholders and financial partners such as: FINCA International (USA), International Finance Corporation (IFC, World Bank Group) (USA), KFW Bankengruppe - German Development Bank, FMO - United Bank of the Netherlands, and Triple Jump.

FINCA Bank Georgia is focused on its main segment, offering new products and services tailored to their needs with technologically innovative, measurable and value-added solutions. The bank currently serves more than 100,000 customers in all regions of the country.