JSC Microbank Crystal announced that Scope Ratings has affirmed the Bank’s issuer credit rating at B+ with a Stable Outlook, following its annual review of the institution. In its report, Scope highlights Crystal’s successful transition to a licensed microbank, recognising the Bank’s leading position in Georgia’s microfinance sector, strengthened governance framework, resilient earnings, solid capitalisation...Read More

Microbank Crystal has signed a USD 20 million senior loan agreement with FMO, the Dutch entrepreneurial development bank, marking almost a decade of successful partnership between the two institutions. The facility, provided in the local currency equivalent, will be used to finance micro, small and medium-sized enterprises (MSMEs) across Georgia, with 20% of the financing...Read More

Microbank Crystal has been selected by the Asian Development Bank (ADB) to receive a technical assistance of GEL 300,000 under ADB’s competitive selection process for financial institutions in Georgia.  The technical assistance is awarded through ADB’s “Promoting Green Banking for Sustainable Development” program, which aims to strengthen the capacity of financial institutions to expand green financing opportunities...Read More

Microbank Crystal has announced changes to its Supervisory Board, welcoming three new members: Gulnara Shamshieva, Jil Ebanoidze, and Natia Janelidze. All three bring extensive professional experience in the financial sector. As a result of these changes, Crystal’s Supervisory Board will now consist of seven members in total. Notably, women hold the majority of seats on...Read More