Business in Ukraine

Raiffeisen Bank Aval, an Open Joint Stock Company (”Bank Aval”), was registered as the “Joint Stock Commercial Bank Aval” on March 27, 1992 (operated under the brand name of Joint Stock Postal Pension Bank Aval until September 25, 2006). Since October 2005, the Bank has been part of the Raiffeisen International Bank Holding AG Group (as of January 1, 2008 the Group held 95.96% of shares in the Bank).

Raiffeisen Bank Aval continues to retain a leadership position among Ukrainian banks, as measured by total assets. As of the beginning of 2008, the Bank served a total of 4.1 million individual clients, 196 thousand SME clients and over 9 thousand corporate clients.

The Bank provides a broad range of standard and innovative banking services through its nationwide network which comprised, as of January 1, 2008, a total of 1,180 outlets located in big cities, provincial and community centres and villages throughout Ukraine.

The Bank has an effective management structure, based on a clear division into business lines (corporate, retail, SME and treasury) and supporting verticals (information technologies, operation support, accounts, controlling, security and other) both in the Bank’s Head-office and regional directorates. As a truly international bank, Raiffeisen Bank Aval clearly separates front-office functions from back-office ones to achieve higher quality of client service and enhance risk mitigation.

Through all these years, clients, partners, and banking experts have frequently recognized the high quality of Raiffeisen Bank Aval’s performance. In particular, during the international festival contest The Choice of the Year the Bank was awarded prizes in the nominations Mortgage Programme 2007 and Deposit Programme 2007.

In 2007, the Bank also won the MasterCard Bank of the Year contest in Ukraine. Raiffeisen Bank Aval was recognized among the best in the nominations Mortgage of the Year and Banking Product of the Year. The all-Ukrainian rating programme Brand Guard 2007 named the Bank’s brand as the highest-valued among Ukraine banks.

The reputable UK-based magazine The Banker named Raiffeisen Bank Aval Ukraine’s best bank as part of its Awards for Excellence rating. At the same time, the European Bank for Reconstruction and Development has for the fourth consecutive year recognized Raiffeisen Bank Aval as Ukraine’s most active bank participating in the EBRD’s Trade Facilitation Programme (TPF).

To crown it all, Raiffeisen Bank Aval was recognized in 2007 as an employer that cares about its personnel and is committed to promoting their professional growth and social security. The Bank was named Ukraine’s best banking employer according to a survey commissioned by the Correspondent magazine and conducted by the Gfk Ukraine company. The Personnel Training magazine named the Bank as the Best Corporate Training Environment.

The Bank’s regional directorates have also been recognized among the best in their respective geographical areas.

Tags: Banking System //