News

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...Read More

Crystal has secured USD 11.5 million loan from the European Fund for Southeast Europe (EFSE). This new facility will be directed toward financing micro, small, and medium enterprises (MSMEs) and women entrepreneurs reinforcing Crystal’s mission to foster entrepreneurship and strengthen Georgia’s economy. Over the years, Crystal has been a trusted partner for small businesses, providing...Read More

Microbank Crystal took part in a meeting organized at the initiative of the Dutch Development Bank (FMO). The event brought together organizations that have collaborated with FMO for many years, creating a platform for sharing experience and exploring new opportunities. Crystal’s CEO, Ilia Revia, presented to participants the company’s recent banking transformation and shared new...Read More

Microbank Crystal is pleased to announce the successful completion of a new funding agreement with Symbiotics, a long-standing and trusted partner in inclusive and sustainable finance. The transaction amounts to USD 5 million in senior debt, sourced from several funds managed by Symbiotics. The financing is denominated in Georgian Lari, ensuring that resources are closely...Read More

TBILISI/ PARIS August 15, 2025 – Microbank Crystal and the Council of Europe Development Bank (CEB) have signed an €8 million loan agreement to expand access to finance for microenterprises and microentrepreneurs in Georgia. The financing will help strengthen entrepreneurship, foster sustainable economic growth and support jobs. The loan will be matched by a 50%...Read More

Microbank Crystal has appointed Scope Ratings GmbH as its new credit rating agency, marking the next step in the company’s institutional development. As a result, we are glad to confirm that SCOPE Ratings has assigned B+/Stable credit rating to Microbank Crystal reflecting its position as Georgia’s largest microbank, specializing in microcredit, agricultural, and SME. The...Read More

The European Bank for Reconstruction and Development (EBRD) has arranged a US$ 10 million (€8.6 million) financing package for Crystal, one of Georgia’s leading microbanks, to support private-sector development and boost green finance in the country. That financing package is in two parts. The first – an EBRD loan of US$ 8 million – will...Read More

International credit rating agency Fitch Ratings has reaffirmed the Long-Term Issuer Default Rating (IDR) of Georgia-based microbank Crystal at ‘B’, maintaining a stable outlook. Rating affirmation this year reflects the company’s continued progress, financial resilience, and consistent execution of its strategy. “Retaining our credit rating amid global and regional challenges is a strong validation of...Read More

Crystal is pleased to announce the successful acquisition of a USD 4 million subordinated loan from Triple Jump, a valued long-standing partner, following the company’s recent designation as a microbank by the National Bank of Georgia on February 12, 2025. This transition to microbank status marks a significant milestone for Crystal as it continues to...Read More