Raiffeisen Bank (Ukraine)

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Raiffeisen Bank
TypePublic Joint-Stock Company
Industrybanking, investment
FoundedMarch 27, 1992
Headquarters
Kyiv
,
Ukraine
Total assetsIncrease UAH 72.108 billion (2018.01.01) [1]
OwnerRaiffeisen Bank International (68,3%)
European Bank for Reconstruction and Development (30%)
Number of employees
12,000+
Websiteraiffeisen.ua/en/

Raiffeisen Bank (formerly Raiffeisen Bank Aval) is a commercial bank in Ukraine. It was registered on March 27, 1992, and since 2006 is a subsidiary of Austrian Raiffeisen Bank International.[2] In 2015 the European Bank for Reconstruction and Development acquired a 30% stake in Raiffeisen Bank Aval, increasing its capital.[2][3] Raiffeisen Bank International has a stake of 68.26% in the bank.[2]

The bank operates more than 500 branches across the country and offers banking services to individuals and corporate clients. As of 2018 the fourth largest bank in the country and the largest bank with foreign capital. Following a government bailout of the countries largest bank at the turn of 2016 and 2017 Raiffeisen Bank Aval was the only bank in the top 5 not owned by the government of Ukraine.

In June 2021 the bank changed its name from "Raiffeisen Bank Aval" officially to "Raiffeisen Bank".[2]

Banking network[]

Raiffeisen Bank Aval branch in Ivano-Frankivsk

At the end of 2013, the national network included 798 operating units:

  • 711 full-featured branches providing a full list of standard banking services to individuals and clients of microbusiness, small, medium and corporate businesses;
  • 85 commission branches serving private clients, carrying out cash transactions;
  • 2 branches serving VIP-clients.

The vast majority of Raiffeisen Bank Aval's branches are fully functional, ie they provide a full range of standard banking services to private and corporate clients, as well as small and micro businesses. In addition, the bank's network includes commission branches on the territory of the State Customs Service of Ukraine and in representative offices / stores of MTS Ukraine, the bank's corporate client.

See also[]

References[]

  1. ^ "Financial statements of banks of Ukraine, as of January 1, 2018". National Bank of Ukraine.
  2. ^ a b c d (in Ukrainian) Raiffeisen Bank Aval changes its name, Ukrayinska Pravda (17 June 2021)
  3. ^ "EBRD to become 30 per cent-shareholder in Raiffeisen Bank Aval". European Bank for Reconstruction and Development.

External links[]

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