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About Us

Erekle Mekvabishvili

Erekle Mekvabishvili

General Auditor

Date of Birth: 11.05.1973

Tel: +995/32/243 81 01

Fax: +995/32/243 81 01

E-mail: emekvabishvili@sao.ge


Senior banker with a proven track record of successfully managing one of the leading commercial bank in Georgia and practical experience of working in the following fields:

  • liquidity and crisis response management
  • bank restructuring and corporate recovery
  • procedural basis for credit and treasury operations management
  • practical experience on bank mergers & acquisitions
  • lending to Corporate and SME’s
  • investment proposals assessment and follow-up
  • practical experience in corporate banking
  • practical experience in retail banking

Professional Experience:

 State Audit Office of Georgia    

  • Since 2017 september to present    - Auditor General                           

European Bank for Reconstruction and Development – Tbilisi, Georgia/London, UK

  • 2015 -2017 -Associate Director, Senior Banker, Business Leader in Georgia and Azerbaijan, Financial Institutions, SEMED and Caucasus.
  • 2007 – 2015 - Senior Banker, Financial Institutions, Caucasus, Central Asia and Mongolia
  • 2008 – 2014 - Member of the Supervisory Board of TBC-leasing, Georgia
  • 2008 – 2012 -  Member of the Supervisory Board of Armekonombank, Armenia
    • Origination, structuring and execution of debt as well as equity and mezzanine debt investments in Georgia, Armenia and Azerbaijan;
    • Actively involved in response to crisis projects related to two systemic banks of Georgia  (Bank of Georgia and TBC Bank) in 2008-2009;
    • Exploring the exit opportunities and managing the exit process;
    • Managing the relationships with all partner banks and sourcing joint transactions from local commercial banks/syndications;
    • Leading Risk Sharing Facility (RSF) up to USD 200 million with partner banks in Georgia;
    • Facilitating and managing the trade finance programme up to USD 150 million with partner banks in Georgia;
    • Leading and launching Georgian Agriculture Finance Facility up to EUR 40 million denominated in local currency;
    • Leading successful signing of the first local currency denominated IFI debt with a Georgian partner bank in 2010;
    • Leading Caucasus Energy Efficiency Programme up to USD 120 million;
    • Actively involved in the first IFI’s Bond issuance denominated in local currency up to GEL50 million in 2014;
    • Leading issuance of EBRD bond in local currency up to GEL 107 million and its first listing at the Georgian Stock Exchange in 2016;
    • Leading and launching of DCFTA (Deep and Comprehensive Free Trade Area) facility up to USD 110 million denominated in GEL for Georgian banks;
    • Leading and launching of WiB (women in business) facility up to USD 40 million denominated in GEL for Georgian banks;
    • Leading issuance of the first EBRD Euro bond denominated in GEL up to GEL 120 million and its first listing at the London Stock Exchange in April, 2017;
    • Actively involved in finance sector related policy dialogue with the authorities and National Bank of Georgia on local currency lending/larization and capital market development.

 VTB (Georgia):

  • 2006 – 2007 - First Deputy CEO
  • 2005 - 2006 - CEO (Chief Executive Officer)

United Georgian Bank (Georgia):

  • 2003 – 2004 - CEO (Chief Executive Officer)
  • 1999 - 2003 - Deputy CEO
  • 1998 -1999 - Director of Treasury and Operations Department
  • 1998 - Assistant to Managing Director

National Bank of Georgia:

  • 1996-1998 - Banking Supervision Department, Senior Economist

 Federal Reserve Bank of Minneapolis, Minnesota, USA                  

  • 1997 - Banking Supervision Department, Bank Examiner

Commercial Bank Krtsanisi

  • 1994 – 1996-  Treasury Operations Department, Senior Economist


  •   2006 - Doctor of economic sciences (Phd). (Subject: The Ways of the improvement of the banking supervision system in Georgia. Tbilisi State University;
  • 1996 - Graduated with honor from Tbilisi State University, Faculty of Economics. Banking, Diploma of Economist


  • Evaluation and management of the large concentrations in the commercial banks’ loan portfolio and liabilities structure during the transition period – scientific-analytical journal Bank – 2003.
  • Operational risks evaluation and the reserves for potential losses in the commercial banks during the transition period -  scientific-analytical journal – Georgian Economy – 2005.
  • Banking supervision role in the restructuring process of problem banks– scientific-analytical journal - Georgian Economy – 2005.
  • The main principles of effective banking supervision -  scientific-analytical journal – Economics-2005.


  • Fluent English, Russian, Georgian (native)
  • Ability to service demanding clientele in a fast-paced environment
  • Solid quantitative and analytical skills
  • Strong people management and leadership capability
  • Ability to work in a multi-cultural environment
  • Computer literate