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Ukraine |
Financial Institutions
Raiffaisen Bank AvalOJSC Raiffeisen Bank Aval was registered by the National Bank of Ukraine (NBU) as the OJSC Raiffeisen Bank Aval on March 27, 1992. In 1994, it was re-registered as the Joint Stock Postal Pension Bank Aval.In August 2005, the majority shareholders of Bank Aval decided to sell 93.5% of the shares to Raiffeisen International Bank-Holding AG. The acquisition transaction was completed in October 2005. Following the changes in the shareholders’ structure, on September 25, 2006 the NBU registered the Bank’s new name — Open Joint Stock Company Raiffeisen Bank Aval. Raiffeisen Bank Aval’s shareholders as on January 1, 2007 were presented by 210 legal entities and 109, 793 private individuals with the shares in the Bank’s paid-in capital of 99.54% and 0.36% respectively. Raiffeisen International Group owned 95.73% shares of the Bank on January 1, 2007. By the end of 2006, the Bank’s total assets increased by more than 44% compared with the previous year and equaled UAH 28 billion. Raiffeisen Bank Aval was providing services to more than 3,9 million of households and about 240 thousand large, medium and small enterprises as its clients, being serviced through the branch network with above 1,300 offices throughout Ukraine. Ukraine’s leading business editions are the newspapers the Biznes, the Investgazeta, the Companion magazine; in different years named the Bank among the best financial institutions by different criteria: in terms of total assets (the rating «TOP-100. Best Companies of Ukraine»), a degree of client confidence (the rating «The Bank, where you would like to place your deposit»), management professionalism (the ratings «TOP-100. Management», «TOP-100. Best top-managers in the banking sector», «The Banker of the Year» and «10 Best Top-Managers in Ukraine»), dynamics of the development (the rating «20 Companies Which Inspire»), the brand knowledge and other. Total assets on 31.12.2006 are USD 5384000 thousand. More details about the company and services are on a site: www.aval.ua |
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