OREANDA-NEWS. December 26, 2007. Raiffeisen Bank Aval as the subsidiary of the Austrian Raiffeisen International Bank-Holding AG in Ukraine will be the official presenting sponsor of the Eurovision contest in Ukraine. It was reported by Leonid Zyabrev, the bank’s press speaker, at December 25 press conference in Kyiv, which announced the name of the participant from Ukraine, the well-known singer Ani Lorak.

As was reported, the European Broadcasting Union (EBU) and Raiffeisen International Bank-Holding AG signed an agreement, according to which Raiffeisen International will act as the official presenting sponsor of the Eurovision Song Contest 2008.

Under this agreement, the sponsoring rights also cover 10 Raiffeisen network banks in Central and Eastern Europe (in the status of the official presenting sponsors in their countries).

"Our bank considers the support of this and many other cultural projects as an important element of our brand building policy," noted Leonid Zyabrev at the press conference. "Moreover, being a member of the big family of European banks of the Raiffeisen Group, we are happy to support the project of the all-European importance," he added.