Bank History

Terabank plays an important role in the Georgian banking sector for over 19 years now.  It appeared on the market on December 10th, 1999 under the name of “Georgian Agro Business Bank”.  After June 13th, 2005 it changed its name and became “Standard Bank”.  On December 30th, 2007, UAE based DHABI Group has made its first investments in Georgia and obtained a license of “Kor Bank Georgia”.  On June 26th, 2008 Standard Bank and Kor Bank Georgia merged and thus Kor Standard Bank, later positioned as KSB Bank formed. In 2015-2016 KSB Bank worked on the rebranding project and as of May 23, 2016 it operates with new business strategy, branch environment, communication style and new name – terabank.

“Dhabi Group” is the leading business group in the UAE and operates in many business sectors, including tourism, construction, real estate, development and management, production, sea wells, banking and financial service, and others. The Group is led by His Excellency Sheikh Nahayan Mabarak Al Nahayan, UAE Minister of Culture, Youth and Community Development. His Excellency Sheikh Nahayan is also the owner of the 45% of shares of terabank. “Dhabi Group” is focused on expanding the investments in the financial activities through the strong financial resource and management experience in the emerging, developing markets.   

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