Development strategy – to establish itself as a modern universal, first-class, competitive large Bank of Abkhazia.
Business plan for 2021:
The Bank’s goal — to maintain and further strengthen the position of a modern, innovative and dynamically developing Bank of Abkhazia that provides a full range of financial services throughout the country.
To achieve this goal the Bank will focus on the following tasks:
With this potential, it is planned to increase the total assets by 20% by the end of 2020. At the same time, the growth of the Bank’s liabilities for 2021 is planned at the level of 20% and the total capital of 18%. The Bank’s gross income in 2021 is planned to be 18% higher than in 2020. Revenue growth will be achieved through the systematic development of the main strategic business areas: corporate and retail. The Bank divides corporate clients into 2 main segments: large business and small business. The Bank plans to develop customer service in the large business segment by offering individual financial solutions. The Bank will expand its product range in short-term lending, trade financing, currency operations and liquidity management products. At the same time, it is important to increase the speed of service delivery, especially in terms of lending. The Bank will create mechanisms for operational interaction between client managers and client representatives. The small business segment is of significant interest to the Bank, as it provides an acceptable level of profitability, while at the same time allows to effective diversification the client base. Thanks to economic reforms and active government support for small businesses, the number of potential clients of the Bank is rapidly growing.