Raiffeisen Bank Aval

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Raiffeisen Bank Aval’s shareholders as at 1 January 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 as at 1 January 2007.

Raiffeisen Bank Aval is the largest bank in terms of paid -in capital and the second largest bank in terms of assets in Ukraine. In 2006, the Bank substantially expanded its operations. This allowed the Bank to maintain the leading position in a number of key product segments and considerably increase the number of its clients. 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.

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 Head-office and regional directorates of the Bank.

The large banking network proves to be advantageous for the Bank in developing and expanding retail banking services. Growth of retail banking services is among the Bank’s top priorities. In 2006, the number of private clients of the Bank considerably increased, and the retail loan portfolio as at the end of 2006 grew by almost 140% to UAH 10.5 billion*. This turned Raiffeisen Bank Aval into one of the largest banks in Raiffeisen International and the second largest retail lender in Ukraine.

The development of services for corporate clients remains one of the Bank’s priorities. At the moment the Bank serves around 17% of Ukraine’s large-scale businesses. Joining Raiffeisen International allowed the Bank to expand the services to its corporate clients. Access to cheaper and longer-term resources in international markets opens additional opportunities for the Bank’s clients. Besides, introduction of new technologies and know-how of European banks in the Bank’s practices is yet another advantage of the being part of Raiffeisen International.

In 2006, the Bank split its lending portfolio by separating SME loans into a separate business unit. Traditionally, the Bank was the leader in micro lending in Ukraine. Results of 2006 demonstrated the continued leadership of the Bank in SME market, confirmed by the growth of SME loan portfolio by 62%.

In late 2006, the international rating agency Moody’s confirmed the Bank’s rating Baa1/Prime-2 for long-term and short-term domestic currency deposits. The outlook for all the ratings is "stable". According to the national scale, the agency assigned the highest rating Aaa.ua to the Bank. These ratings are the evidence of the Bank’s high-quality performance and are among the best ratings, assigned by Moody’s to Ukrainian banks.

In December 2006, Raiffeisen Bank Aval increased its statutory capital by UAH 600 million to UAH 2.1 billion*, what allowed to increase volumes of the Bank’s operations.

Raiffeisen Bank Aval’s high quality performance has been more than once recognized by clients, partners and experts of the banking market. In particular, Ukraine’s leading business editions — the newspapers the Biznes, the Investgazeta, the Companion magazine — in different years named the Bank among 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.

The Bank’s professionalism is recognized by many Ukrainian and foreign partners. By results of 2006, readers of the KyivPost weekly named Raiffeisen Bank Aval "Best Kyiv Bank 2006" within the rating "Best of Kyiv 2006". The Bank’s mortgage product was recognized both by clients and experts as Ukraine’s Best Mortgage Program in 2006, which was confirmed by the Ukrainian nomination program Choice of the Year-2006. Raiffeisen Bank Aval ranked among three best employers-banks in Ukraine according to the rating, conducted by GfK Ukraine marketing company.

The Bank also remains an active player in the economic, cultural and social life of Ukraine as it supports a number of charity projects and cultural activities in Ukraine.

Raiffeisen Bank Aval strives to further improve customer service quality, using its own experience and the know-how and experience of Raiffeisen International’s network banks.

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