mergers & acquisitions

Gojo to acquire an additional 16.6% stake in JSC Credo Bank, bringing its ownership to 33.4%

Norbert Gehrke

Norbert Gehrke

— 2 min read
Gojo to acquire an additional 16.6% stake in JSC Credo Bank, bringing its ownership to 33.4%

Gojo & Company has entered into an agreement to acquire an additional 16.6% stake in JSC Credo Bank from Triodos Microfinance Fund and Triodos Fair Share Fund (managed by Triodos Investment Management BV). This follows Gojo’s initial acquisition of 16.8% stake in December, bringing its total ownership in Credo to 33.4%. This strategic investment reinforces Gojo’s commitment to support Credo to continue pursuing its mission of supporting Georgia’s micro, small and medium entrepreneurs and their employees to create a better future by offering affordable financial services.

Credo is the fifth-largest commercial bank in Georgia. With its wide regional outreach through 96 service centers, it offers fully-fledged and innovative banking services to over 490,000 customers as of February 2025. The bank’s mission is to support Georgia’s micro, small and medium sized entrepreneurs, and their employees to create a better future by offering affordable financial services.

For over 30 years, Triodos Investment Management has been connecting investors who want to put their money towards lasting, positive change with innovative entrepreneurs and sustainable companies that are doing just that. In this way, Triodos Investment Management acts as a catalyst in those sectors that play a key role in the transition to a fairer, more sustainable and more humane world. Triodos Investment Management’s investment activities focus on five interconnected transition themes: food, resource, energy, societal and wellbeing. Its mission as a financial player is to enable and accelerate these essential transitions. Triodos Investment Management operates globally as an impact investor and is a wholly owned subsidiary of Triodos Bank NV. Assets under management per end of 2024: EUR 5.8 billion.

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