CIT Finance Investment Bank is withdrawing from the Russian provinces at the moment. It has been decided by the company’s BOD that the bank’s offices will be closed throughout the first quarter of 2011 in the cities of Belgorod, Chelyabinsk, Izhevsk, Kaliningrad, Kirov, Krasnodar, Magnitogorsk, Omsk, Ryazan, Samara, Saratov, Taganrog, Tver, Tyumen, , and Volgograd.

In the end, representations in Moscow and Saint Petersburg apart, CIT Finance will run outlets in seven more cities: Novosibirsk, Yekaterinburg, Ufa, Kazan, Nizhniy Novgorod, Rostov-on-Don, and Surgut.