The shareholders of JSC "Raiffeisen Bank Aval" approved the Bank's performance in 2014
Kiev. April 29. — Shareholders of Public joint stock company “Raiffeisen Bank Aval” at its annual General meeting held today in Kiev, approved the reports of the management Board and the Supervisory Board about the Bank's performance in 2014 and identified the main directions of the Bank for the year 2015.
At the General meeting also approved the report and findings of the audit Committee on the activities of the Bank and its subsidiaries in 2014, as well as reports and conclusions of the Audit firm ZAO “KPMG Audit” about the Bank's activities in 2014.
last year, the shareholders approved the annual financial statements of Raiffeisen Bank Aval and the consolidated financial statements of the Bank and its subsidiaries. In particular, the approved losses on the Bank's performance in 2014 in accordance with the requirements of international financial reporting standards in the amount of 3 806 322.UAH. At SV’'yazku with the lack of profit of the Bank results of 2014 and the undistributed profit of previous years, the accrual and payment of dividends on shares of the Bank for 2014 decided not to implement.
the Shareholders also elected the new Supervisory Council of the Bank: Chairman of the Supervisory Board — Karl Sevelda, Deputy Chairman of the Supervisory Board — Peter Lenk, members of the Supervisory Board-Herbert Stepic, Kurt Geiger, Kurt Bruckner, as well as two independent members of the Supervisory Board — Eberhard Vinkelmayer and Pavel Sheremet.
In SV’connection with the entry into force of new legislation at the shareholders ' meeting were also approved amendments to the Charter, Regulations on Supervisory Board, Regulations of the General meeting of shareholders and Principles of corporate governance of JSC «Raiffeisen Bank Aval” by presenting these documents in new versions.
Raiffeisen Bank Aval was founded in March 1992 (before 25 September 2006 — JSPPB "Aval"), for many years ranked among the leading banks on a number of key indicators. Since 2005, the Bank became a part of Austrian banking group Raiffeisen Bank international AG (since October 2010-Raiffeisen international Bank-holding AG). As at 31 December 2014, RBI Group owned 96,44% of shares.
Raiffeisen Bank Aval — a universal Bank providing a wide range of standard and innovative services about 3 million customers through its network of 671 branches throughout Ukraine.
