SBERBANK OF THE REPUBLIC OF ABKHAZIA (OJSC)

The joint-stock commercial Savings Bank of the Republic of Abkhazia was founded in 1998 and throughout its activities has firmly occupied the position of one of the most reliable credit institutions in Abkhazia. The founder and sole shareholder of Sberbank of Abkhazia (OJSC) is the state represented by the National Bank of the Republic of Abkhazia.

Sberbank of Abkhazia (OJSC) is one of the most dynamically developing credit institutions in Abkhazia and is one of the largest in the country in terms of equity capital and volume of assets. Currently, the assets of Sberbank of Abkhazia account for more than 45% of the total assets of the entire national banking system of the Republic of Abkhazia.

Today, Sberbank of Abkhazia (OJSC) is a modern universal financial institution offering a full range of services to corporate clients and individuals. To serve clients of individuals and legal entities, the Bank has created a wide branch network - the most important channel for the distribution of banking services and products. Sberbank of Abkhazia (OJSC) is the only credit institution in Abkhazia that has opened branches and subsidiaries in all regions of the country.

Currently, the clients of Sberbank of Abkhazia (OJSC) are the largest state and commercial organizations, medium and small businesses, non-profit public scientific, charitable and international organizations.

Sberbank of Abkhazia (OJSC) is actively working to expand cooperation with Russian banks. In many ways, the revival of ties between the Sberbank of Abkhazia (OJSC) and the Sberbank of Russia, which were part of the unified system of savings banks of the USSR in the Soviet period, will contribute to mutually beneficial and comprehensive cooperation in the context of the recently strengthened economic relations between the Russian Federation and the Republic of Abkhazia.