The financial inclusion organization “Crystal” has officially applied for a micro bank license to the National Bank of Georgia. The submission of the license was preceded by hard and intensive work, aimed at aligning the company’s procedures, information technologies, internal organizational and business processes with the relevant legislation, regulations and the specifics of the banking...Read More

The financial inclusion organization “Crystal” was announced as a winner of BARTA 2023 – the Best Annual Report and Transparency competition for the fifth time in a row, in the category of a large financial company. Being held in Georgia since 2019, the interest towards the Best Annual Report and Transparency Award (BARTA) keeps steadily...Read More

The financial inclusion organization Crystal has released the results of its 2022 social impact assessment, entailing a detailed study of the socio-economic impact the company’s credit services have on its customers. The findings were presented at the event dedicated to the 25th anniversary of Crystal. According to the conducted research, “Crystal” rates the highest in...Read More

Crystal, Georgia’s premier non-banking financial institution is celebrating its 25 years’ anniversary. The company hosted a special reception, attended by parliamentary and executive authorities, representatives of diplomatic corps, international organizations, esteemed investors, partners, and clients. The motto of the anniversary – 25 years together – was chosen to precisely convey the unity of the company...Read More

The financial inclusion organization Crystal steadily continues to promote the development of energy efficient and alternative fuel market, offering customers special installments to purchase EE stoves. The special product allows interested persons to acquire energy-efficient stoves through a consumer loan, and repay the liability in equal installments. The product has been designed within the framework...Read More

The project run by Crystal – “Women’s Empowerment for Reducing Inequalities” has been announced as a winner in the Corporate Sustainability Award, hosted by the UN Global Compact Georgia Network. The company received the award in the nomination of reduced inequality (Sustainable Development Goal 10/SDG 10), in the large business category. The presented project describes...Read More

Tbilisi/Amsterdam, June 29: Financial Inclusion Organization Crystal has signed a $1.2 million subordinated loan agreement with its long-standing partner Triple Jump through AMP of ASN Impact Investors. The facility will play an important role in growing Crystal’s capital base and enabling the organization to expand the services across Georgia. Funding will be utilized in financing...Read More

Crystal became the winner of the “Capital Market Support Program”.  The company received a special award at the closing event of the CMS program for the issuance of certified gender bonds in the capital market. Crystal is the first financial institution in Georgia to issue certified gender bonds. The transaction aimed to increase access to...Read More

Fitch Ratings has issued an updated credit rating. The reputable international rating agency has improved the Long-term Issuer Default Rating (IDR) of the financial inclusion organization Crystal, changing the stable outlook awarded last year to positive this time. The improvement of Crystal’s credit rating outlook by Fitch has been conditioned by a range of parameters,...Read More

At the meeting hosted by the international organization “Microfinance Center” (MFC) in the city of Budva, Montenegro, Archil Bakuradze – the chairman of the supervisory board of the financial inclusion organization Crystal was elected as the chair of MFC board. It is noteworthy that from 2019 until now, Archil Bakuradze has been a member of...Read More