Crystal launches new banking products and services following microbanking license acquisition
Crystal is proud to announce the commencement of its expanded banking operations following the successful acquisition of a microbanking license from the National Bank of Georgia. This milestone marks a significant step forward in the company’s development, opening new opportunities for its clients and contributing to the evolution of Georgia’s financial sector.
Beginning June 16, Crystal has begun rolling out a phased introduction of its banking products and services. Customers can now open bank accounts, perform transfers, deposit funds, and access a range of innovative investment products designed to meet diverse financial needs.
One of the key highlights of this development is the increase in the lending cap for micro and small enterprises, now elevated to 1 million GEL. This enhancement provides local entrepreneurs and businesses with greater access to flexible, modern, and affordable financial solutions. Furthermore, starting in September, Crystal plans to introduce payment cards, further expanding convenience and financial inclusion for its customers.
“June 16 represents a pivotal moment in Crystal’s history — a transition into a new phase of growth and service excellence,” said Ilia Revia, CEO of Crystal. “We are excited to offer our loyal and new clients a broader and more personalized suite of financial products. Our goal is to drive financial inclusion across Georgia and support economic development. I want to acknowledge the dedication of our team, whose efforts have been instrumental in making this possible, as well as our international and local partners and the National Bank of Georgia for their ongoing support throughout this journey.”
In the four months following the license acquisition, Crystal undertook extensive preparations to ensure a seamless transition. This included system upgrades, process enhancements, staff retraining, and significant progress in strengthening risk management, regulatory compliance, and information security protocols.
Looking ahead, Crystal remains committed to expanding its digital services and developing tailored financial solutions that cater directly to customer needs. The company aims to foster closer relationships with clients through innovative technology and personalized service, thereby strengthening its position in Georgia’s competitive financial market and creating tangible value for its customers.
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 microbanking license from the National Bank of Georgia. With 27 years of experience, a loan portfolio of over 520 million GEL, a team of more than 1,000 employees across 48 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.
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