The profit of Raiffeisen Bank Aval amounted to approximately 2.74 billion UAH according to the results of the 1st half

Kiev. 10 Aug. — Raiffeisen Bank Aval continues to show high financial results — 2 quarter of 2017 of the year the Bank made a profit of 1 289 million. YTD cumulative total profit of the Bank amounted to 2 738 million.

thus, net interest income Raiffeisen Bank Aval in January-June 2017 year amounted to 2 739 million, which is 15.5% than 1 six months of last year. Net Commission income for this period, the Bank received 1 040 million (a 25.5% increase compared with the same period of 2016 years).

“the Positive economic dynamics in the country contributes to the growth of our clients, and this, together with proactive activities in terms of financing the Bank's clients, ensuring high results, — said the Chairman of the Board of Raiffeisen Bank Aval Vladimir Lavrenchuk. — We are in our Bank the increase in volume of new lending to corporate and small business high quality loan portfolio, also improving the facilities of non-performing loans in 2010 . To how and prior periods have favourable price of funding our operations”.

 6 months of 2017 years, the assets of Raiffeisen Bank Aval has increased on 8,8% and reached as of 30 June 60 913 million. In particular, loans to customers amounted to 30 860 million, an increase from the beginning, 2 856 million UAH or 10.2%.

Liabilities’liabilities of the Bank amounted to 51 731 million UAH, the growth in the first half of   5 803 million UAH or 12.6%.

Raiffeisen Bank Aval Bank has sufficient capital (as of 30 June 2017 years the Bank's own capital amounted to 9 181 million UAH) and good liquidity. The ratio of regulatory capital adequacy (N2) the Bank is of 20.58% (the prescribed minimum level of 10%).

Raiffeisen Bank Aval was registered on 27 1992 to March years, from October 2005 years became part of Austrian banking group Raiffeisen Bank international AG. As of 30 June 2017 years, 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 banking services 2.5 million customers through an extensive network of regional offices, which as of the end of June 2017 years numbered about 500 offices all Ukraine.