In 2024, the financial inclusion organization Crystal raised financial resources worth $ 90 million from local and international financial institutions, thereby exceeding the same figure for 2023 by $ 12 million. Among the international partners, in 2024, Crystal raised funding from the reputable and large financial institutions such as BlueOrchard Finance Ltd, responsAbility Investment AG,...Read More

“Crystal” will continue to operate in the Georgian financial market as a microbank, having already obtained a relevant license from the National Bank of Georgia. Receipt of a microbank license rightly confirms Crystal’s position as a strong, responsible, stable, transparent and reliable financial institution not only in Georgia, but also in the entire region. With...Read More

Financial Inclusion Organization Crystal has announced a new USD 15 million credit facility deal (out of which USD 10 million committed and USD 5 million uncommitted) with FMO, the Dutch Entrepreneurial Development Bank. This latest agreement strengthens the continuous partnership between both parties, following the first collaboration in 2017. FMO’s investment reflects its focus on...Read More

Financial inclusion organization Crystal has signed a USD 10 million senior loan agreement with several funds managed by its longstanding partner, the leading Swiss impact asset manager, responsAbility Investment AG (responsAbility). This facility aims to support the company’s portfolio growth in the agriculture and MSME sectors amid banking transformation, underscoring the fund’s support to achieve...Read More

Crystal’s Chief Executive Officer, Ilia Revia, attended an event organized by the Asian Development Bank in Luxembourg. The event was dedicated to the topic of sustainable financial sector, while also covering cooperation between the Asian Development Bank and its European partners. During the meetings and panel discussions spanning over the course of 2 days, representatives...Read More

The reputable international credit rating agency Fitch Ratings has improved the Long-term Issuer Default Rating (IDR) of the financial inclusion organization Crystal, to ‘B’ Stable upgrading from ‘B-‘ Positive outlook. Fitch has outlined multiple factors driving the rating upwards, including strengthened profitability, improved net interest margin, good cost control and asset quality, strong franchise and...Read More