OREANDA-NEWS. On March 27, 2007 Raiffeisen Bank Aval celebrated its fifteenth anniversary. Raiffeisen Bank Aval is the largest bank in terms of paid in capital and the second largest bank in terms of assets in Ukraine, reported the press-centre of  Raiffeisen Bank Aval. Joining the group of Raiffeisen International Bank-Holding AG allowed the Bank to maintain high growth rates and set ambitious targets for its future development. The 120-year experience of the Austrian Raiffeisen Banking Group and Raiffeisen Bank Aval's outstanding 15-year history in Ukraine enhance the synergy and pave the way for further success of the Bank in Ukrainian and European markets.


The year 2006 was of a major significance for Raiffeisen Bank Aval as it was the first year for the bank’s operations within Raiffeisen International Group. In 2006, the Bank launched re-branding process, introduced a number of technological changes and started the process of adapting the Bank’s internal procedures to the international standards of the Raiffeisen Group.  The Bank also substantially expanded its operations, which allowed it to maintain the leading positions in a number of product segments and considerably increase the number of clients. By the end of 2006, the Bank’s total assets increased by 44% compared with the previous year and equaled EUR 4,3 billion, as reported to the National bank of Ukraine. The number of clients also increased significantly, resulting in 3,9 million of households and almost 240 thousand of large, medium and small enterprises as its clients, served in 1,312 Bank’s offices throughout the country. In 2006, the shareholders of the Bank increased its statutory capital to UAH 2,1 billion which is the largest paid-in capital among Ukrainian banks. Further capital increase to support Bank’s dynamic growth is envisioned in 2007, along with Bank’s active operations in domestic and international financial markets.