JSC Credo Bank Acquired Portfolios of MFO Credit Plus Georgia and MFO BIG

JSC Credo Bank officially announces the portfolio acquisition of two Microfinance Organizations - Credit Plus Georgia and BIG. Increased the portfolio by GEL 43 million and the number of active customers around 9,500, it now facilitates larger segment of microfinance market and at the same time, gives the opportunity to new employees from both microfinance organizations to successfully carry on their careers at Credo Bank.

Credo Bank is the leading bank on Georgian microfinance market in terms of countrywide presence and number of customers. With portfolio of GEL 640 Million, it operates 68 Service Centers and supports up to 270 thousand customers across Georgia. The bank’s mission is to provide sustainable financial services to micro, small and medium businesses, with a preference for rural activities and those businesses that create income and employment opportunities. Credo Bank is owned by consortium of international shareholders, the social impact investors - Access Microfinance Holding AG, ResponsAbility Investment Management AG and Triodos Investment Management BV.