The profit of Raiffeisen Bank Aval amounted to about UAH 1.5 bn by results of the 1st half of 2016
Kiev. August 18. — Raiffeisen Bank Aval continued its profitable activity — in 2 quarter of 2016, the Bank received a net profit of $ 773 million. YTD cumulative net profit of the Bank amounted to $ 1 456 million UAH, which is the best result among Ukrainian financial institutions.
the Bank shows good results for revenues earned. In particular, net interest income Raiffeisen Bank Aval in January-June this year amounted to UAH 2.4 billion, which is 23.7% higher compared to H1 last year. The Bank also received 829 million UAH of net Commission income in the 1st half of 2016 (2.5% increase compared to the same period in 2015).
“a High level of capital adequacy, the reliability of our institutions and a systematic improvement in efficiency of processes have been important factors in the inflow of customers as last year, and in 2016-m, — said Volodymyr Lavrenchuk, Chairman of the Board of Raiffeisen Bank Aval. — We have a good price of funding our operations and the quality of our new loan portfolio, since 2010 is quite high, which allowed the Bank to dismantle part of the reserves".
starting in 2016, assets of Raiffeisen Bank Aval increased by 4% and amounted at the end of June 53.3 billion UAH. Including loans to customers amounted to 24.8 billion.
Liabilities’liabilities of the Bank amounted to UAH 45.6 billion, an increase over the six months by 1.3%.
Raiffeisen Bank Aval has enough capital and good liquidity. As at 30 June 2016 the Bank's own capital amounted to UAH 7.7 bn, an increase from the beginning of 2016 at UAH 1.5 bn or 23.2%. The capital adequacy ratio of the Bank is of 19.04% (the prescribed minimum level of 10%).
Raiffeisen Bank Aval was registered on March 27, 1992, from October 2005, became part of Austrian banking group Raiffeisen Bank international AG. As of June 30, 2016, the Raiffeisen Group owns 68,28% stake in the Bank, the European Bank for reconstruction and development — 30%.
the Bank offers a wide range of standard and innovative banking services to over 2.6 million customers through an extensive network of regional offices, which as of the end of June 2016 consisted of 571 offices in large cities, oblast and rayon centers throughout Ukraine.
