The FINANCIAL — The statutory capital of JSC Raiffeisen Bank Aval has increased by UAH 3,151,741,350 to UAH 6,154,516,258 due to a private placement of additional ordinary registered shares of the bank and registration of the results of their placement by the State Commission for Securities and Stock Market of Ukraine.
Thus, the bank’s Tier 1 capital increasing process, announced on 25 November, 2015 during the procedure of signing of the corresponding agreement between Raiffeisen Bank International AG (RBI) and the European Bank for Reconstruction and Development, has been completed, according to Raiffeisen Bank.
Based on the Registered Securities Owners Register of the National Depository of Ukraine as at 1 March, 2016, a share of RBI in the total stock of Raiffeisen Bank Aval reduced to 68.28 per cent. EBRD’s share amounts to 30 per cent, as stipulated by the agreement.
“The participation of the European Bank for Reconstruction and Development in the Tier 1 capital of Raiffeisen Bank Aval serves as a confirmation of the stability and reliability of our bank and opens new opportunities for our further cooperation”, stated Volodymyr Lavrenchuk, Chairman of the Board of Raiffeisen Bank Aval. “We also confirm that our shareholders and the bank have fulfilled all the capitalization requirements in full and in the short term”.
Raiffeisen Bank Aval, founded in March 1992 (before 25 September 2006 — JSPPB “Aval”), has been one of the leading Ukrainian banks in terms of a number of core parameters for many years. Since 2005, the bank has become part of the Austrian banking group Raiffeisen Bank International AG (before October 2010 — Raiffeisen International Bank Holding AG).
Raiffeisen Bank Aval is a universal bank, which offers a wide range of standard and innovative services to 2.8 million clients through its regional network of 578 branches all around Ukraine.
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