Shareholders

Progress Bank is a subsidiary of Kala Capital, an international investment group headquartered in Tbilisi, Georgia. The company was founded by Kakha Kaladze, a native Georgian, AC Milan player and businessman with investments throughout Europe.

Kala Capital targets Georgia’s key industries. The company's principals and management have  an excellent understanding of the business climate in Georgia and a clear vision on how to capitalize on Georgia’s long-term growth. Kala Capital leverages its experience in the region and the invaluable relationships of its leadership.