The Public
JSC Raiffeisen Bank (, formerly Raiffeisen Bank Aval) is a
commercial bank
A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit.
It can also refer to a bank or a division of a larger bank that deals with whol ...
in
Ukraine
Ukraine is a country in Eastern Europe. It is the List of European countries by area, second-largest country in Europe after Russia, which Russia–Ukraine border, borders it to the east and northeast. Ukraine also borders Belarus to the nor ...
and is a subsidiary of Austrian
Raiffeisen Bank International
Raiffeisen Bank International (RBI) is a key entity of the decentralized Raiffeisen Banking Group in Austria, acting both as the latter's domestic central financial entity and as the holding company for all the group's operations outside of Aus ...
. In early 2024, it was confirmed by the
National Bank of Ukraine
The National Bank of Ukraine ( ; NBU []) is the central bank of Ukraine. Created in 1991 from the Ukrainian operations of the Soviet Gosbank, the NBU employs over 12,000 people, making it one of the largest employers in the financial sector in ...
as one of the country's
systemically important bank
A systemically important financial institution (SIFI) is a bank, insurance company, or other financial institution whose failure might trigger a financial crisis. They are colloquially referred to as "too big to fail".
As the 2008 financial cri ...
s.
, the bank's service network included 503 branches, 2525
ATMs and 414
payment terminal
A payment terminal, also known as a point of sale (POS) terminal, credit card machine, card reader, PIN pad, EFTPOS terminal (or by the older term as PDQ terminal which stands for "Process Data Quickly"), is a device which interfaces with payme ...
s. The bank has issued 4.9 million payment cards, Raiffeisen Bank also owns one of the largest networks of trading POS terminals with more than 23,000 units.
History
The bank was registered on 27 March 1992, and since 2006 has been a subsidiary of Austrian
Raiffeisen Bank International
Raiffeisen Bank International (RBI) is a key entity of the decentralized Raiffeisen Banking Group in Austria, acting both as the latter's domestic central financial entity and as the holding company for all the group's operations outside of Aus ...
.
[Raiffeisen Bank Aval changes its name]
Ukrayinska Pravda
''Ukrainska Pravda'' is a Ukrainian socio-political online media outlet founded by Heorhii Gongadze in April 2000. After Gongadze’s death in September 2000, the editorial team was led by co-founder Olena Prytula, who remained the editor-in ...
(17 June 2021) In 2015 the
European Bank for Reconstruction and Development
The European Bank for Reconstruction and Development, shortened to EBRD ( French: ''Banque européenne pour la reconstruction et le développement'' or ''BERD''), is an international financial institution founded in 1991 in Paris. As a multilat ...
acquired a 30% stake in Raiffeisen Bank Aval, increasing its capital.
Raiffeisen Bank International has a stake of 68.26% in the bank.
As of 2018 the
fourth-largest bank in the country and the largest bank with foreign capital. Following a government bailout of the country's 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.
It was headed from 2005 until 2019 by
Volodymyr Lavrenchuk.
As of 1 January 2018, the bank's net assets amounted to more than ₴72 billion, and in terms of their size. Raiffeisen ranks third in the retail banking market in Ukraine.
In June 2021 the bank changed its name from “Raiffeisen Bank Aval” officially to “Raiffeisen Bank”.
Banking network
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 were fully functional, i.e. 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 included 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
*
List of banks in Ukraine
This is a list of banks in Ukraine. According to the National Bank of Ukraine, central bank of Ukraine there are 76 solvent licensed banks in Ukraine 14 of which designated by regulator as systemically important.
Central bank
* National Bank of ...
References
External links
*
Facebook
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Banks of Ukraine
Ukrainian companies established in 1992
Banks established in 1992
Companies based in Kyiv
Raiffeisen Zentralbank
European Bank for Reconstruction and Development joint ventures
Companies in the PFTS index