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Management Team


Chief Executive Officer

Akaki Kordzadze

Akaki Kordzadze has 11 years of banking experience. Prior to holding the position of Chief Executive Officer he served as Chief Operations Officer. He was a member of the first working team who actively participated in founding and opening JSC "Progress Bank". He also headed Accounting, Financial Analysis and Planning Department in JSC "Basis Bank", but prior to that he had held various leading positions in the same bank.

Mr. Akaki holds Master's Degree in Finance from Tbilisi State University.
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Chief Risk Management Officer

Ilia Ketchakmadze has the great work experience on leading positions in the bank sphere. His banking activity begins in “Binsotsbank”, where he held position of manager and during the years he led the Supervisory Board of “Tbilbusinessbank”. From 2000 - till 2007 yy  he was the financial director of Georgian-French company “Taroinvest”.

In 2007 he actively participated in foundation and opening of JSC “Progress Bank”. Since the same year he is the management team member of JSC “Progress Bank”, Chief Risk Management Officer, and from 2009 he holds position of vice-chairman of the Supervisory Board.

Ilia Ketchakmadze graduated Agricultural Institute of Tbilisi, he is economist by profession.

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Chief Operations Officer

Zviad Imedidze

 Zviad Imedidze joined the team of JSC "Progress Bank" in 2008 and held the position of Chief Accountant. Prior to that he had worked in construction companies, namely, in Nike Construction Company on the position  of financial director, and as a Chief Accountant in 7Sky Construction Company. He had also worked in VTB Bank for 8 years (former United Georgian Bank), where first he held the position of Accounting Specialist, but later he served as the Head of Accounting Department.

Mr. Zviad Imedidze holds Degree Diploma in Economic Informatics and Automated Management System from Tbilisi State University.
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Head of Treasury Department

Aleksandre Makarashvili

Mr. Makarashvili has 15 years of banking experience. Prior to Progress Bank, he served as a Head of Treasury Department for TaoPrivatBank. Before TaoPrivatBank, he spent six years with Intellectbank and he continued at Bank of Georgia. During that period, he served as a Manager of Correspondent Accounts, Head of Central Branch Operations Department, Head of Treasury Department, Head of Branch and Head of Bank of Georgia Service Centre.


Mr. Makarashvili holds Bachelor’s Degree in Economics from Georgian Technical University.

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Head of Legal Department

Nugzar Dvali

Mr. Dvali is a lawyer with 18 years of professional experience. Prior to Progress Bank, he served as Lawyer and then – as Senior Lawyer for National Bank of Georgia (NBG), for 5 years. Before NBG, Mr. Dvali worked for state energy sector companies for five years. During that time served as a Lawyer for Sakenergo, as Chief Specialist of Contracts and Foreign Relations Department for Electrodispetcherizatsia 2000 and as Chief Specialist of Contracts Department for Georgian State Electric System.

Mr. Dvali holds Degree Diploma in International Law from Tbilisi State University.

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Head of Centralized Back Office

Eka Machavariani


Ekaterine Machavariani is managing Centralized Back Office. Before  being  promoted to this position   she was managing First Service Center.Prior to Progress Bank, she served as Head of Avlabari Service Center (former Central Branch) of Basisbank. Before heading the Service Center, she served on different positions and in total spent 5 years working in Basisbank.


Ms. Machavariani holds Degree Diploma of Engineer from Georgian Technical University and Diploma in Economics from Tbilisi Institute of Banking and Finance.

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Head of  Baratashvili Service Center

Lela Morgoshia is heading  Baratashvili Service Center of “Progress Bank”. Before being promoted to this position she was heading Kazbegi Service Center and  served as Deputy Head of Operations Unit of Bratashvili Service Center. 

Prior to “Progress Bank”  she served as Cashier-Operator and  Operator for “Kor Standard Bank” in different period of time.

Lela Morgoshia hold Master’s degree in Business Administration from Tbilisi State University of Economic Relations. 

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Head of  Kazbegi  Service Center

Mariam Leukhini is heading the Kazbegi Service Center. Before  she served as Client Service Operator and as Acting Head of Operations Unit of Baratashvili Service Center at the same time.

Prior to Progress Bank  she served as Cashier-Operator, Front Desk Officer  and then Front Desk Senior Controller for “Bank Republic”.Mariam Leukhini holds Degree of Bachelor in Economics from Georgian Technical  University.



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Head of Batumi Service Center

Anton Baramidze is heading Batumi Service Center of „Progress Bank“. 

Prior to “Progress Bank”  he served as Head of Poti Regional Center and Guria Regional Center of Revenue Service. Before he held various leading positions of Poti and then of Guria Revenue Service of The  Ministry of Finance of  Georgia.
Anton Baramidze holds degree diploma of Economist and lawyer from Tbilisi State University.
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