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Eng
02 October 2019

NBU approved the appointment of O.Pysaruk as the Chairman of the Management Board of Raiffeisen Bank Aval

Kyiv. 2 October. — On October 1, 2019, the Board of the National Bank of Ukraine made a decision to approve Oleksandr Pysaruk to the position of the Chairman of the Management Board of Raiffeisen Bank Aval JSC.

Effective from October 3, 2019, Oleksandr Pysaruk will officially assume the office of the Chairman of the Management Board.

Oleksandr Pysaruk has the experience of over 25 years in the banking sector. He held chief executive positions at banks of Ukraine, as well as the countries of Central and Eastern Europe.   Since 2016, he worked at the International Monetary Fund.

“Our customers expect a lot from us, and we have ambitious plans,” noted Oleksandr Pysaruk, Chairman of the Management Board of Raiffeisen Bank Aval.  “Over the last years Raiffeisen Bank Aval demonstrated high profitability and started the implementation of effective reforms, aimed at increasing efficiency and satisfying customer expectations. We must continue the successful transformation of the bank by means of internal process improvement, development of staff and the application of innovative technologies for the provision of up-to-date, high-quality and convenient services to the customers of the bank”.

Raiffeisen Bank Aval holds a leading position and has an excellent reputation in the Ukrainian financial market with a high level of customer’s confidence, as well as outstanding financial results demonstrated during the last years.

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Raiffeisen Bank Aval JSC was registered on March 27, 1992, from October 2005 it became a part of the Austrian Banking Group Raiffeisen Bank International AG. As of June 30, 2019, Raiffeisen Group owned 68.28% of the bank’s shares, and the European Bank for Reconstruction and Development owned 30%. 

A wide range of banking services is provided to 2.5 mio customers of Raiffeisen Bank Aval via the nationwide network, which includes 500 branches around Ukraine.

For additional information please visit the web site www.aval.ua