Microbank Crystal has been honored with the prestigious award in the Large Financial Company category at the BARTA 2024 competition for excellence in annual reporting and transparency. Notably, this marks the sixth consecutive year that Crystal has participated in the competition and secured this distinguished recognition.
This recognition underscores the company’s continuous growth and reaffirms that financial transparency and openness are among the core values of Crystal. These principles play a crucial role in enhancing corporate governance, ensuring long-term sustainability, strengthening investment potential, and influencing investor decisions.
“Transparency and openness are essential for the success of any financial organization. At Crystal, these principles are not only fundamental values but also key drivers of our progress. Since its inception in Georgia in 2019, the BARTA (Best Annual Report and Transparency Award) competition has recognized excellence in corporate disclosure, and Crystal has actively participated from the beginning. This year, we are honored to receive the award for the sixth time. Our commitment to transparency and openness will remain unwavering, even as we transition to operating under a microbank license.” said Ilia Revia, General Director of Crystal.
The BARTA competition is managed by the World Bank and the European Union in collaboration with the National Fund for the Support of Reforms in Accounting, Reporting, and Auditing. The winners are selected by a jury consisting of both local and international experts. This year, representatives of the private sector were recognized in 9 categories.
Enhancing the overall standard of corporate reporting, encouraging healthy competition among businesses, and improving the quality of financial reporting and transparency among Georgian enterprises are the objectives of BARTA. Gaining recognition for sustainable and systematic reporting promotes open and honest communication with stakeholders interested in the company’s operations and helps increase investor trust both domestically and abroad.