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Georgia

Capital
Tbilisi
Inhabitants
 4.5m 
Area
69,700 km2
GDP per capita (USD)
3,602

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Shareholders

AccessHolding 60.2%
Triodos (funds) 19.8%
responsAbility (funds) 20.0%

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KPIs at end Q4/2017
Total assets
EUR 196.8m
Gross loan portfolio
EUR 167.3m
No. of active borrowers
231,173
Total deposits
-
No. of deposit accounts
-
No. of staff
1,893
No. of branches
66

 

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Credo Bank

CREDO (Georgia) joined AccessGroup as an MFO in early November 2014 and recieved its banking license in March 2017. The bank's mission is to provide sustainable financial services to low-income Georgian entrepreneurs and micro/small businesses, with a preference for rural activities and those businesses that create income and employment opportunities for the poor. For years Credo has been the leader among peer institutions in Georgia and is known for pioneering many successful products and services in response to the needs of its clientele.
 

Thomas Engelhardt, Chairman of the AccessHolding Management Board, commented: ‘Credo and the AccessGroup make an exceptionally good fit in terms of our corporate culture, customer orientation and our general approach to doing business. We are impressed with the management and staff of Credo, and will work together to take the institution to the next level in terms of products, services and distribution channels.’

 

For more information about Credo Bank please go to www.credo.ge