Raiffeisen Bank Aval received UAH 2.8 bn profit for the first half of 2018
Kiev. 9 Aug. — 2 quarter of 2018 year, Raiffeisen Bank Aval made a profit 1 371 million, and with the beginning of the year cumulative total income of the Bank amounted to 2 752 million.
in January-June 2018 years, the Bank has received 3404 million UAH net interest income, which 24.3% compared to the same period last year. The resulting over six months of 2018 year, net fee and Commission income amount to 1140 million UAH (in January-June 2017 1040 million).
“excellent financial performance our Bank shows for the third year in a row. Introduced a new strategy Djilas client operations, implemented new Internet banking Raiffeisen Online, updated platform for business. With the aim of ensuring a positive customer experience unit has been opened a new, it-oriented format in Kiev, now expand this program all Ukraine, — said Volodymyr Lavrenchuk, Chairman of the Board of Raiffeisen Bank Aval. — Only the first half of 2018 year 75000 new individual clients and 3800 new legal entities have chosen Raiffeisen Bank Aval Bank as its main Bank. The cost of financing is reduced through the active use of program support business collaboration with the European investment Bank, promissory note programs, and also partnership programs funding transportation and equipment”.
Assets of Raiffeisen Bank Aval 2 quarter of 2018 year rose to 68411 million UAH, or on a 3.2% YTD. In particular, loans to customers reached 41393 million, an increase over the past six months of 12.3%.
Liabilities’liabilities of the Bank increased as of 30 June 2018 to 59126 million (a 6.7% increase compared with indicator 31 Dec 2017 years).
Raiffeisen Bank Aval has enough capital (in 30 June 2018 years, the capital of the Bank totaled 9285 million UAH) and good liquidity. Adequacy ratio of regulatory capital (N2) of the Bank at the end of June this year amounted to 15.5% (the prescribed minimum level of 10%).
Raiffeisen Bank Aval was registered on 27 1992 to March years; since October 2005 year it became part of Austrian banking group Raiffeisen Bank international AG. As of 30 June 2018 years, the Raiffeisen Group owns 68,27% of the shares of 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 2018 year consisted of 500 offices all Ukraine.
