Raiffeisen Bank Aval has received more than UAH 4 billion net profit for 9 months. 2017.
Kiev. 14 Nov. — Raiffeisen Bank Aval continues to demonstrate strong financial result — in the 3rd quarter of 2017, the Bank received a profit of $ 1 294 million. YTD cumulative total profit of the Bank amounted to 4 032 million.
the net interest income Raiffeisen Bank Aval, from the beginning of 2017 be $ 4 226 million, which is 17.1% more compared to the same period last year. Net fee and Commission income the Bank received UAH 1 692 million (a 25.1% increase compared to January-September 2016).
“Our success is due to many factors — commented on the financial results of Raiffeisen Bank Aval Board Chairman Volodymyr Lavrenchuk. — Bank builds lasting customer relationships, which are characterized by a high level of reliability. In 2017 in the framework of a balanced credit policy, the Bank managed to provide a record for recent years, the volume of loans to businesses for good deals. Interest income has formed a large contribution to the overall result”.
“at the same Time, the successful combination of this policy with experience gained long-term cooperation with customers allowed to protect themselves from versatrak to cover credit risks. And third, we continue to improve the efficiency of the processes in our Bank, to adhere to reasonable economy and implement the latest technologies», — he added.
From the beginning of 2017, the assets of Raiffeisen Bank Aval increased by 11.8% and amounted as at 30 September 62 582 million. Including loans to customers amounted to 35 916 million UAH, having increased since the beginning of the year 7 912 million UAH or 28.3%.
Liabilities’liabilities of the Bank at the end of the 3rd quarter reached 52107 million, an increase from the beginning of the year – 6 179 million, or 13.5%.
Raiffeisen Bank Aval Bank has sufficient capital (as at 30 September 2017 the Bank's own capital amounted to UAH million 10475) and good liquidity. The ratio of regulatory capital adequacy (N2) the Bank is 20,07% (the prescribed minimum level of 10%).
Raiffeisen Bank Aval was registered on 27 March 1992; since October 2005 he became part of Austrian banking group Raiffeisen Bank international AG. As of September 30, 2017, 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 to more than 2.5 million customers through an extensive network of regional offices, which as of the end of September of 2017 had about 500 branches throughout Ukraine.
