Raiffeisen Bank Aval increased its profit by 2.5 billion UAH for 9 months of the year 2016
Kiev. 16 November. — Raiffeisen Bank Aval continues to demonstrate profitable activity — 3 quarter of 2016 of the year, the Bank received a net profit of 1 069 million. YTD cumulative net profit of the Bank amounted to 2 525 million, which is in 2,5 time than the 9 months of last year.
in Particular, net interest income Raiffeisen Bank Aval in January-September this year amounted to 3 609 million, which 23% compared to the same period in 2015 year. The Bank also received 1 353 million UAH of net Commission income (8.4% increase compared to the results 9 months of last year).
Assets of Raiffeisen Bank Aval as of 30 September 2016 year rose to 51 674 million, including loans to customers reached 25 716 million. Liabilities’liabilities of the Bank amounted to 42 882 million.
“Important, high yield Bank 9 months of 2016 years were not one successful deal. It — the result of our efforts over the past years, our Bank was sent to the reorganization of production processes to achieve maximum efficiency, and solid management of cash flows" of the — said Volodymyr Lavrenchuk, Chairman of the Board of Raiffeisen Bank Aval.
Raiffeisen Bank Aval, as and the previous periods, has enough capital and good liquidity. As of 30 September 2016 year the Bank's equity capital was 8 792 million, an increase from the beginning, 2 524 million UAH, or on of 40.3%. The capital adequacy ratio of the Bank at the end of September amounted to 23.34% of the (at the specified 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 September 2016 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 standard and innovative banking services to more than 2.5 million customers through an extensive network of regional offices, which as of the end of September 2016 consisted of 582 branches in large cities, oblast and rayon centers throughout Ukraine.
