May 5, Tbilisi – After thorough consideration, the parties decided not to proceed with the ongoing negotiation. Both institutions independently continue their normal operations.
Tbilisi/Zurich: Financial Inclusion Organisation Crystal has strengthened their longstanding partnership with Swiss Impact Investment Managers BlueOrchard with a new $5 million investment to support Crystal’s innovative financial services for micro entrepreneurs and farmers throughout Georgia. The new loan injection is demonstrative of the continued solid and impactful partnership between the two financial institutions at a
Crystal has reached a preliminary agreement with FINCA Impact Finance to acquire FINCA Bank Georgia. Prerequisites for the decision have been similarity of organizational cultures, customer-centric approach and Crystal’s plan to retain staff and further strengthen the bank. Crystal’s strategy is backed by its US and European institutional investors. While the transaction negotiation process is
Tbilisi – 19 December 2019: Fitch Ratings published a Rating Navigator supporting the earlier affirmation of the Long-Term Issuer Default Ratings (IDRs) of JSC MFO Crystal (‘Crystal’) at ‘B’ Outlook Stable. The rating is a reflection of company profile, asset quality, profitability, other assessment factors and recognitions. Since 2017 company credit rating was reassessed 3
October 15, 2019, Tbilisi – Financial inclusion organization Crystal, Habitat for Humanity International – the sponsor of the MicroBuild Fund and Triple Jump, MicroBuild Fund’s Manager together hosted the fund’s governing board and the investment committee. Meeting purpose was to personally meet with client, to assess funding impact, consequences and evaluate the value financing has