Tbilisi, Georgia – Microbank Crystal has been named one of the winners of the CAREC’s Gender and Green Innovation Awards 2025. The competition was organized by the Asian Development Bank (ADB) and the Central Asia Regional Economic Cooperation (CAREC) program to recognize outstanding initiatives advancing gender equality and environmental sustainability.
The international competition attracted more than 200 organizations worldwide, with 10 being selected as Organizational category winners. Crystal’s inclusion among these distinguished regional, institutional institutions highlights our strong commitment to corporate social responsibility, women’s economic empowerment and innovative practices. Evaluation criteria included innovation, systemic approaches, corporate social impact, and significant contributions to gender and green development.
“This award carries special meaning for Crystal, as it reaffirms that our daily activities extend beyond traditional banking services to make a positive impact on people’s lives and the environment,” said Ilia Revia, CEO of Crystal. “We believe the financial sector has a critical role to play in advancing gender equality and driving green innovation. This recognition further motivates us to continue pursuing innovative solutions and to remain a trusted partner in the development of our communities, country, and region.”
About CAREC:
Crystal has an established record of collaboration with ADB. In 2023, the Crystal was first to issue the First Certified Gender Bonds (GEL 25 million) in the Region, supporting women entrepreneurs in Georgia.
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 microbanking license from the National Bank of Georgia. With 27 years of experience, a loan portfolio of over 600 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.