News

Crystal Introduces a Special Business Product to Ukrainians in Georgia

Financial Inclusion Organization Crystal continues to furtherly support Ukrainian people through financial products tailored to their needs. Crystal is pioneer to develop such service for the Ukrainian refugees, on Georgian financial market. The program intends to provide several financial services, including a Startup loan for those willing to launch a new business in Georgia, and...
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Crystal and Symbiotics Investments launched USD 10 million Social Bond

Crystal, a financial inclusion organization and Symbiotics Investments have strengthened their partnership through a USD 10 million Social Bond. Social loans will be granted to local  Micro, Small & Medium Enterprises, small farmers and agricultural entities, stimulating economic development and generating employment in Georgia. The purpose of the facility is to facilitate community access to...
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MFC Annual Conference

Microfinance Center (MFC) has organized 24th Annual Conference in Istanbul, Turkey. Purpose of the conference was to explore recent investment landscapes and opportunities, to outline tendencies in green finance, gender, technological challenges and financial inclusion of migrants and refugees. Crystal’s delegation was represented by the Chairman of the Supervisory Board of Crystal Archil Bakuradze, Chief...
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Fitch Affirms Crystal’s Credit Rating at ‘B-‘ Outlook ‘Stable’

Tbilisi – 5 July 2022: Fitch Ratings affirmed Long-Term Issuer Default Rating (IDR) at ‘B-‘ Outlook Stable. Despite of the recent regional shakeouts Crystal has maintained promising financial and operation profile, translated in Stable credit rating Outlook. Funding profile, asset quality and capital position are key indicators that were managed properly. Crystal’s progress towards improving...
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Crystal and DWM Asset Management strengthened partnership by GEL 20 Million Facility

Tbilisi / Luxembourg: Financial Inclusion Organization Crystal has confirmed that it has entered into a GEL 20 million senior loan transaction with its long-standing partner, DWM (Developing World Markets). This new credit facility supports Crystal’s mission in supporting micro, small and medium-size enterprises throughout Georgia. Crystal and DWM have built a fruitful partnership in support...
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Crystal Continues Banking Transformation Process with FMO’s Support

The Financial Inclusion Organization Crystal continues its banking transformation program and recently signed a technical assistance agreement in the amount of EUR 200 000 with its long-standing partner FMO, the Dutch entrepreneurial development bank. The two-years assistance program will contribute to the banking transformation objective.  Crystal launched transformation project in the second half of 2021....
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Crystal and German Sparkassenstiftung (DSIK) signed the Memorandum of Cooperation

Financial Inclusion Organization Crystal and German Sparkassenstiftung (DSIK) have signed the Memorandum of Cooperation. The memorandum has been implemented within the framework of the project “Increasing access to Finance for Sustainable Development of the Small and Micro Entrepreneurs in the Southern Caucasus and Ukraine”. The program aims providing sustainable and responsible financial services to the...
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Crystal continues to support the Ukrainian people together with the Red Cross

Financial Inclusion Organization Crystal continues supporting the Ukrainian people. Under cooperation with the Red Cross Society of Georgia Crystal has allocated GEL 10,000. Local representation of the Red Cross is actively engaged with communication Ukrainian Society, which has become the channel for delivering humanitarian aid from Georgia. Crystal has already allocated GEL 100,000 for humanitarian...
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Crystal supports the Ukrainian people

Another plane flew from Georgia to Ukraine with humanitarian aid. Part of the shipping costs were financed by Crystal in cooperation with the Embassy of Ukraine in Georgia, the company transferred GEL 50,000 to send aid. A total of 40 tons of humanitarian aid – medicines, medical equipment, hygiene items, products, clothes and other necessary...
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