Raiffeisen Bank Aval again heads the rating of most reliable banks in Ukraine

Kyiv. 8 November. – The magazine ”Novoye Vremia” jointly with the investment company “Dragon Capital” have made a rating of most reliable banks in Ukraine, which is once again headed by Raiffeisen Bank Aval.

The position of each bank was estimated by the Dragon Capital investment company with an account of the total sum of its scores based on the following indicators:

•       capital adequacy – reflects the ratio of a bank's capital to its risk;

•       liquidity – reflects a bank’s ability to fulfil its obligations with no delays;

•       trust of depositors – reflects the dynamics of deposits of individuals and business in the current year;

•       shareholders’ support – belonging to a reliable business group (or to the state sector) substantially increases chances of additional financing in case of crisis situations;

•       profitability – includes ROE, that is the bank’s revenues excessing its expenses;

•       quality of assets – reflects an NPL share in the bank’s general loan portfolio;

•       qualitative indices — transparency,  balance, risk management, reputation of banks.

Raiffeisen Bank Aval was founded on 27 March 1992. Since October 2005, the bank has become part of the Austrian banking group Raiffeisen Bank International AG. As at 30 September 2019, Raiffeisen Group owned 68.28 per cent of the shares of the bank, and the European Bank for Reconstruction and Development hold 30 per cent of the bank’s stock.

Raiffeisen Bank Aval offers a wide range of services to 2.5 million clients through its nation-wide regional network of about 500 branches all around Ukraine.