Tea Lortkipanidze

Chief Executive Officer

Thea Lortkipanidze holds the position of the Chief Executive Officer of JSC Terabank since May 2014. She has an extensive work experience in a financial institutions. In 2008-2013 she was Chief Risks Officer of TBC Bank. In 2007-2008 she was Deputy Chief Risks Officer and in 2004-2006 – CEO of TBC Leasing. At various times she was the member of the Supervisory Board of Credit Info Georgia, Micro-Finance Company “Credo”, TBC Leasing and Real Estate Management Fund.  She also served as the President of Leasing Association of Georgia.  In 1993-2003 Thea worked at various positions at the TBC Bank.  


Thea studied and graaduated from Tbilisi State University, faculty of Engineering Economics, in 1988-1993. In 1999-2000 she continued studying for her Master's Degree at ESM and in 2008-2013 she successfully graduated from Banking School of American Business Association.

Teimuraz Abuladze

Chief Risks Officer

Temur Abuladze has been the Chief Risks Officer of Terabank since January 2015.He joined with the team in November 2014, as an acting Chief Risks Officer. He has 15 years’ experience in banking and finances. In 2009-2014 he was in charge of the risks management at Liberty Bank and in 1999-2006 he worked at the Bank of Georgia in the sphere of credit risks management at various positions including the position of credit risks analyst(1999-2000), Manager of Credit Risks Analysis Unit (2000-2001) and as a Deputy Director of Credit Risks Management Department (2001-2006). In 2006-2009 Temur worked at “Geopromining Group”, which owned the enterprises in mining sphere in Georgia (JSC “Madneuli and LTD Kvartsiti”) and in Armenia. In 2007-2009 he was the Chief Financial Officer of the JSC “Agaraki Copper-Molibden Combinate”.


Temuri holds Master's Degree in Economy from Tbilisi State University.

David Verulashvili

Chief Commercial Officer 

David Verulashvili was appointed as Chief Commercial Officer of terabank in November 2020. His extensive career in banking began in 2000 at MBG Bank (ProCredit Bank) where he held positions of Team Leader, Senior Loan Officer and Head of Credit.


In 2003, he transitioned into a new role at ProCredit Bank where he was initially Head of Credit of the central branch and later acting Branch Manager.

Between 2006 and 2008, David Verulashvili was the Deputy Head of Corporate and Investment Banking at the Bank of Georgia after which he returned to ProCredit Bank as Head of Corporate Banking. A year later, he moved to Liberty Bank where he worked for 11 years, initially as Deputy Head of Corporate Banking and Trade Finance, and later, from 2013 onwards, as Deputy CEO and Head of Corporate Banking.


David obtained his Master's Degree in Informatics and Enterprise Management from Tbilisi State University in 2001.  

Sophia Jugeli

Chief Financial Officer

Sophie Jugeli was appointed as the Chief Financial Ofiicer of Terabank in August, 2016. She joined the team in April, 2015 as the Deputy CFO.  Sophie has many years of experience at financial managment positions. From 2001 she held different positions at TBC Bank, including Chief Accountant, Head of Strategic Planning and Control Department, Head of Financial Department and Deputy Chief Financial Officer.  Sophie manages Treasury, Finance and Tax Accounting, Financial Risks and Reporting, Budgeting, Analysis and IFRS Departments. She is also in charge of relations with international financial institutions.


Sophie Jugheli holds MBA from ESM and MA in Physics from Tbilisi State University. 

Vakhtang Khutsishvili

Chief Operating Officer

Vakhtang Khutsishvili was appointed as a Chief Operating Officer of Terabank from October 2014. In 2013 he worked at the Bank Republic, as a Head of Central Back Office service and in 2009-2013 he was in charge of Planning and Controlling Department of Liberty Bank. In 2009 he has in charge of Banking Channels Development Department of Liberty Bank. In 2005-2008 he was at various leading positions in various departments. In 2003-2005 he was the Financial Manager of the company – “Cardio-Express’’.


Vakhtang is the Master of International Business Management of Tbilisi State University of Ivane Javakhishvili. In 1998-2002 he also studied at Tbilisi State University of Ivane Javakhishvili and has the Bachelor’s Degree in Organizational Management and International Economic Relations.  

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