| Full name | Commercial Bank “Commercial Investment Bank for Innovative Technologies” Limited liability company |
| Short name | CB «CIBIT-BANK» LLC |
| Founding date | December 21, 2006 |
| Beneficial owner | Zarkua Temur Razhdenovich – 80.01% |
Commercial Bank “Commercial Investment Bank of Innovative Technologies” Limited liability company (CB «СIBIT-BANK» LLC) is one of the leading private commercial banks in Abkhazia. Established in 2006 to develop the banking system of the Republic of Abkhazia, today it is a universal commercial Bank for corporate clients and individuals with a stable diversified business structure and high-quality capital management. CB «СIBIT-BANK» LLC performs banking operations with funds in rubles of the Russian Federation and foreign currency according to the General license No. 021 dated April 23, 2008 issued by the National Bank of the Republic of Abkhazia. We cooperate with both the leading credit organizations of the Republic of Abkhazia and the largest credit organizations of the Russian Federation, where CB «СIBIT-BANK» LLC has correspondent accounts. At the end of 2012, the national payment system “APRA” (Abkhazian payment and settlement Association) was put into operation in the Republic of Abkhazia. We were one of the first banks in Abkhazia to become members of this payment Association. A lot of work has been done to set up interaction and automation of banking software systems with the Processing Center of the National Bank for the implementation of the issue and maintenance of APRA cards, and in April 2013 we issued the first bank card in the Republic of Abkhazia. Skillful use of new technologies, constant improvement of customer service quality and flexible management in volatile economic conditions have earned the Bank a well-deserved reputation as one of the most reliable banks in the Republic of Abkhazia.
CB “CIBIT-BANK” LLC provides the optimum financial conditions for each client. We are convinced that the Bank’s most valuable asset is its relationships with clients. We work in true partnership with our clients, and our relationships are based on the principles of responsiveness, humanity and reliability. The Bank’s mission is to be responsible in the conduct of banking and business in the field of providing services.
VALUES OF THE BANK
Customer focus: conscientious and timely implementation of all customer service operations. We work in true partnership with our clients, our relationships are based on the principles of responsiveness, humanity and reliability. The needs of our clients, their dreams and goals are the basis of all our Bank’s activities, we help our clients implement their plans, creating the best financial conditions.
Teamwork: building relationships with colleagues solely on the basis of mutual understanding, trust, mutual assistance and solidarity, constant exchange of professional knowledge and practical experience.
Reliability: the Bank strictly complies with the generally recognized principles and norms of international law and the legislation of the Republic of Abkhazia
Improvement: the Bank keeps up with the times and develops in accordance with the changing needs of customers.