Raiffeisen Bank Aval (Kiev) on June 17 changed its name to Raiffeisen Bank with changes to the charter and the public register, the bank’s press service announced on Thursday.
“The name of the bank must be simpler, like everything for our customers: our products and services must be simple. We continue to transform, it is part of our strategy. By going for simplicity, we underline our belonging to a powerful international financial group ”, declared the press service, quoting the chairman of the board of directors Oleksandr Pysaruk.
Raiffeisen Bank continues to honor its commitments to customers as the successor to Raiffeisen Bank Aval.
The bank said that as part of the name change, there was no need to contact branches, reissue cards or reissue documents.
Raiffeisen Bank Aval was founded in 1992. As of March 1, 2021, its main shareholders were Raiffeisen Bank International with 68.27% of the shares and the European Bank for Reconstruction and Development (EBRD) with 30%. 1.19% of the shares were owned by other legal persons and 0.54% by individuals.
According to the National Bank of Ukraine (NBU), as of March 1, 2021, Raiffeisen Bank Aval ranked fifth in terms of total assets (UAH 118.336 billion) out of 73 operational banks.


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