ID 212896570 · FY 2017–2024 · 8 years
JSC MFO Crystal is one of Georgia's largest microfinance organisations, founded in 1998 as an EU/USAID-funded MFI in Kutaisi. It serves micro and SME borrowers (predominantly outside Tbilisi) and has issued GEL-denominated bonds on the Georgian Stock Exchange.
curated 2026-06-03crystal.geebrd.com
| Line item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Net interest income | 26,443 | 52,523 | 51,363 | 51,712 | 63,380 | 73,248 | 82,580 | 101,487 | +21.2% |
| Net fee and commission income | 270 | 325 | 7 | -4 | 442 | 556 | 942 | 1,358 | +26.0% |
| Net foreign currency gain / (loss) | 0 | -4,078 | -5,924 | -21,736 | -7,853 | 5,547 | 5,184 | 3,942 | nmf |
| Net other income | 0 | -1,523 | 2,133 | 11,098 | -4,620 | -17,389 | -10,030 | -6,210 | +26.4% |
| Operating income | 26,713 | 47,247 | 47,579 | 41,070 | 51,349 | 61,962 | 78,676 | 100,577 | +20.9% |
| Operating expenses | -10,894 | -31,524 | -38,257 | -35,839 | -42,473 | -47,184 | -52,394 | -62,334 | +28.3% |
| Operating income before cost of risk | 15,819 | 15,723 | 9,322 | 5,231 | 8,876 | 14,778 | 26,282 | 38,243 | +13.4% |
| Cost of risk | 0 | 0 | 0 | -5,300 | -2,693 | -7,699 | -11,835 | -10,368 | +18.3% |
| Profit before income tax | 10,065 | 7,179 | 642 | -69 | 6,183 | 7,079 | 14,447 | 27,875 | +15.7% |
| Income tax expense | -1,930 | -1,746 | -966 | -783 | -3,003 | 232 | -3,717 | -5,212 | +15.2% |
| Profit | 8,135 | 5,433 | -324 | -852 | 3,180 | 7,311 | 10,730 | 22,663 | +15.8% |
| Net profit margin | 30.5% | 11.5% | -0.7% | -2.1% | 6.2% | 11.8% | 13.6% | 22.5% |
Ownership & directors from companyinfo.ge (public corporate registry).