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26 July 2016

Raiffeisen Bank Aval provided financial assistance to the Kiev School of Economics

Kiev. 26 July. - Raiffeisen Bank Aval will finance the research and teaching work of Professor Raiffeisen Bank Aval in the Kiev School of Economics in 2016-2018.

“The support of the bank is a clear indication of the attention of progressive Ukrainian business to the most important sphere of the functioning of society, namely, the education of future generations. In times of transformational transformations, it is the development of human capital and the formation of a community of highly educated, competitive professionals is the driving force of tangible changes in the economy and the life of the state, ”noted the Kiev School of Economics.

Today, the Kiev School of Economics has produced 643 world-class economists, of which 112 have received doctoral degrees from Western universities, dozens occupy leading positions in leading consulting and auditing companies, hundreds are brilliant analysts and form state policy. Kiev School of Economics is the only institution in Ukraine whose teachers have a Ph.D. from reputable Western universities, which is the key to the educational process compliance with successful international standards of education.

Financial support from Raiffeisen Bank Aval and other proactive and socially responsible companies will help the School fulfill its mission: to provide excellent education, conduct research and counseling in accordance with international best practices. This charitable assistance is an invaluable contribution to the development of the School and the training of talented young people in the country.

The Kiev School of Economics (KSE), founded in 1996 by the Consortium for Economic Research and Education (EERC), is a world-class institution with an excellent reputation both in Ukraine and abroad. KSE ranks among the best schools in Central and Eastern Europe, preparing the next generation of world-class economists. Thus, the activity of KSE contributes to the development of the spheres of the economy, business, and economic policy in Ukraine and neighboring countries.

Raiffeisen Bank Aval JSC was registered on March 27, 1992 (until September 25, 2006 - Joint-Stock Post-Pension Bank Aval). Since October 2005, the bank became part of the Raiffeisen International Bank-Holding AG banking group, Austria (from October 2010 - Raiffeisen Bank International AG). As of March 31, 2016, the RBI Group owned a 68.28% stake in the Ukrainian bank, the European Bank for Reconstruction and Development - 30% of the shares.