TBILISI/ PARIS August 15, 2025 – Microbank Crystal and the Council of Europe Development Bank (CEB) have signed an €8 million loan agreement to expand access to finance for microenterprises and microentrepreneurs in Georgia. The financing will help strengthen entrepreneurship, foster sustainable economic growth and support jobs.
The loan will be matched by a 50% co-participation from Microbank Crystal, creating a total portfolio of €16 million aimed at supporting Georgian microentrepreneurs. In addition to the loan, a CEB technical assistance grant is under consideration to help strengthen Crystal’s institutional capacity and support its long-term development goals.
This is the first collaboration between Crystal and the CEB, highlighting their shared commitment to promoting inclusive and sustainable economic development in Georgia.
Ilia Revia, CEO of Crystal, commented: “We are proud to launch our first partnership with the Council of Europe Development Bank. This cooperation enables us to channel significant new resources to the micro, small, and medium-sized enterprises that drive our economy forward. The technical assistance component is equally vital, as it will enhance our institutional capabilities and empower Crystal to deliver even greater value to our clients and the communities we serve.”
“This loan agreement will contribute to building a more inclusive and resilient economy,” said Cristian Tabacaru, Loans & Social Development Director at the CEB. “We are pleased to join forces with Microbank Crystal to strengthen microenterprises in Georgia and create new opportunities for growth and employment.”
About Microbank Crystal
Founded in Georgia, Crystal is recognized as one of the country’s leading financial institutions, known for its sustained growth and robust reputation. On February 12, 2025, the company officially received its microbank license from the National Bank of Georgia. With 27 years of experience, a loan portfolio of over 571 million GEL, a team of more than 1,000 employees across 48 branches, and a client base exceeding 100,000 individuals nationwide, Crystal continues to be a key player in Georgia’s financial landscape. The company maintains strategic partnerships with major international and local financial institutions.
For more information please visit: ir.crystal.ge
About the CEB
The Council of Europe Development Bank (CEB) is a multilateral development bank with an exclusively social mandate from its 43 member countries. The CEB finances investment and provides technical assistance in social sectors such as education, health and affordable housing, while focusing on the needs of vulnerable people, as well as on the social dimensions of climate change and the environment. Borrowers include governments, local and regional authorities, public and private banks, non-profit organisations and others. The CEB, which has a triple-A credit rating, funds itself through international capital markets. In addition, the CEB receives funds from donors to complement its activities.
Visit www.coebank.org