he Supervisory Board approved a decision regarding the opening of new branches during 2016, including in the regions damaged as a result of Russia’s hostile activities;
Up to 1 500 loans have been issued
The audit company “KPMG” started the preliminary preparatory procedures for the financial audit of 2015, in accordance with the plan;
An agreement has been signed with “Khalik Bank” on the opening of the credit line;
An agreement has been signed with “Bank of Georgia” on the increase of the credit line;
The audit company “BDO” carried out an audit in order to identify and reduce legal risks;
Credex’s credit portfolio exceeded 4 000 000 GEL;
An agreement has been signed with the Bank of Georgia, on the assignment of a credit line.
Credex’s customers are able to use money transfer operations service, quickly and easily;
An agreement has been signed on the assignment of loans with the Liberty Securities and Liberty Finance funds;
In March 2014, the capital of “Credex” exceeded 1 000 000 GEL.
On March 12 2014, “Credex” signed the Code of Ethics developed by the Microfinance Organizations Association, which is based on the principles of maximum transparency and smart-company.
On March 12, 2014, repair works of the new branch have started, where consumers will be provided with full scale financial services.
In December 2013, an agreement has been signed with the audit company “KPMG” (being in the four first audit companies in the world), on the provision of audit service.
In April 2013, a new loan product-fast business loan has been introduced, which may be used as a credit line by consumers.
In February 2013, “Credex” joined the Microfinance Organizations Association.
On December 1 2012, an agreement has been concluded with “Credit Info Georgia” on the exchange of data bases.
On November 5 2012, an agreement has been concluded with “Dolphin Software” and the modern network software “Loan Keeper” has been implimented.
Pursuant to the Order N1101 of October 29 2012 of the National Bank of Georgia, the registration number 691012 of microfinance organization has been granted to “Credex”.