Microbank Crystal has signed a USD 20 million senior loan agreement with FMO, the Dutch entrepreneurial development bank, marking almost a decade of successful partnership between the two institutions. The facility, provided in the local currency equivalent, will be used to finance micro, small and medium-sized enterprises (MSMEs) across Georgia, with 20% of the financing dedicated to supporting green finance initiatives.
In addition to the financing, the partnership includes a technical assistance component that will support Crystal's institutional development through the implementation of key strategic projects, reinforcing the bank's operational capabilities and long-term growth.

Ilia Revia, General Director of Crystal, commented: " This agreement is another important step in our partnership with FMO. Over the past ten years, FMO been a majorpartner, supporting Crystal at different stages of its development. As we continue to grow as a microbank we are focused not only on growing our business, but also on strengthening our institution and creating long-term value for our clients and stakeholders. This financing will allow us to expand access to funding for Georgian entrepreneurs while accelerating our commitment to sustainable finance."

Ruhi Cosgun, Manager Financial Institutions at FMO, said: “Micro, small and medium-sized enterprises are a vital driver of economic growth, job creation, and resilience in Georgia. Through this USD 20 million facility, we are supporting Crystal’s efforts to expand access to finance for entrepreneurs across the country, while also increasing the availability of green finance solutions. Our partnership with Crystal has grown steadily over almost a decade, and we are pleased to continue working together to strengthen financial inclusion and support sustainable private sector development in Georgia. The accompanying technical assistance will further enhance Crystal’s institutional capacity, helping the bank deliver long-term impact for its clients and the communities it serves.”

About FMO

FMO is the Dutch entrepreneurial development bank. As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. FMO believes that a strong private sector leads to economic and social development and has a 55+ year proven track-record in empowering entrepreneurs to make local economies more inclusive, productive, resilient and sustainable. FMO focuses on three sectors that have high development impact: Agribusiness, Food & Forestry, Energy, and Financial Institutions. With a total committed portfolio of EUR ~15 billion spanning over 85 countries, FMO is one of the larger bilateral private sector development banks globally. For more information: please visit www.fmo.nl

About Microbank Crystal

Founded in Georgia, Crystal is recognized as one of the country’s leading financial institutions, known for its sustained growth and robust reputation. On February 12, 2025, the company officially received its microbank license from the National Bank of Georgia. With 27 years of experience, a loan portfolio of over 600 million GEL, a team of more than 1,000 employees across 47 branches, and a client base exceeding 100,000 individuals nationwide, Crystal continues to be a key player in Georgia’s financial landscape. The company maintains strategic partnerships with major international and local financial institutions.