Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   
 


Home > News

Raiffeisen Bank Aval gained more than UAH 2 bn profit for the first half of 2020

11.08.2020 13:45 "Agro Perspectiva" (Kyiv) From the beginning of the year 2020, Raiffeisen Bank Aval has been demonstrating positive dynamics in financial indicators. In 2Q 2020, the bank gained profit sized UAH 1.03 bn, and since the year beginning, the cumulative revenue of the bank has amounted to UAH 2.07 bn. Such indicator is one of the best results in the banking system of Ukraine.

«In spring 2020, we found ourselves in extraordinary conditions. The pandemic has dramatically changed the life in our country and in the whole world, said Oleksandr Pysaruk, Chairman of the Board of Raiffeisen Bank Aval. — Our bank has been successfully coping with `new challenges of the current time, staying an efficient and profitable institution with a great safety margin.

Despite the difficult situation, our teams common efforts have allowed us not only to provide a smooth operational activity of the bank and uninterrupted service of our clients, but also to bring a number of modern banking products onto the market. We continue active development of our digital channels and offering new client service solutions, as our goal is to be more convenient and close to our clients».

Net interest incomes of Raiffeisen Bank Aval were UAH 3.72 bn in January-June 2020, what is by 5.3% more than in the same period of the previous year. For the first two quarters, the bank has received net commission incomes amounted to UAH 1.2 bn (5.9% growth as compared with the result as of 30 June 2019).

Raif assets have increased significantly — to UAH 97.2 bn as at 30 June this year in comparison with UAH 82.8 bn as at the end of the previous year (17.4% growth), including customer loans that made UAH 44 bn as of the end of June 2020 (a decrease by 7.1% comparing with the end of June 2019).

Liabilities of the bank have increased by 17.6% in comparison with 31 December 2019, up to UAH 82.1 bn. Meanwhile, customer funds have increased to UAH 79.12 bn (18.5% growth for the first six months of 2020).

As in prior periods, Raiffeisen Bank Aval has a sufficient capital base (as at 30 June 2020, the banks capital amounted to UAH 15.14 bn) and a good liquidity position. The capital adequacy ratio was 22.62% as of 30 June 2020 at the NBU required minimal level of 10%).

Raiffeisen Bank Aval JSC 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 June 2020, 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 banks stock.

Raiffeisen Bank Aval offers a wide range of banking services to 2.5 million clients through its nation-wide regional network of about 453 branches all around Ukraine.

Agro Perspectiva

< French wheat crop down almost 25 percent and wheat exports projected to decline All news for
11.08.2020
Cargill works to positively impact communities where employees live and work >

28.09.2022  
08:47 EBRD expects Ukraines economy to contract by nearly a third in 2022
27.09.2022  
15:48 Farmers sowed 961,000 hectares of winter rapeseed
13.09.2022  
07:03 China vegetable oil imports plunge in 2021/22 but forecast to recover in 2022/23
05:00 India Imposes Export Restrictions on Certain Types of Rice
08.09.2022  
16:43 Famine in Somalia projected, lives of millions of people are at immediate risk, UN says
05.09.2022  
19:00 Lower cereal production outlook underpins downward revisions for utilization and stocks in 2022/23
18:55 World food commodity prices dip for fifth month in a row in August
31.08.2022  
08:55 BASF and Corteva Agriscience collaborate to deliver the future of weed control to soybean farmers
29.08.2022  
23:37 Ukraine and Moldova abolish permits for intl cargo transportation from Sept
14:57 Chile: Walnut production estimates in 165,000 MT in 2022/23 MY
25.08.2022  
14:12 Prices for rapeseed (non-GMO) at the western border of Ukraine fell to the level of USD530-550/t
09:55 The supply of wheat on the market is increasing
09:45 With higher food prices and pressing needs, UN team in Algeria calls for support for Sahrawi Refugees
19.08.2022  
07:06 The FAO Dairy Price Index averaged 146.4 points in July, down 3.8 points (2.5 percent) from June
06.08.2022  
15:38 FAO Food Price Index registered a steep drop in July
03.08.2022  
15:55 BASF enters power agreements for clean energy supply of more than 20 BASF sites across the United States
13:22 FAO to boost soil nutrient mapping in Central America and sub-Saharan Africa $20 million contribution from U.S.A. will catalyze more efficient use of fertilizers
12:21 Europe and Central Asia: Promoting green agriculture to transform local agrifood systems
11:23 Ukraine: Canada contributes USD 40 million to cover 2.4 million tonnes of storage
29.07.2022  
16:55 South Africa Fresh Orange Production and Exports Climb Higher
26.07.2022  
11:28 BASF transforms market towards certified, sustainably sourced coconut oil
23.07.2022  
02:43 Black Sea grain exports deal a beacon of hope amid Ukraine war - Guterres
07.07.2022  
12:43 Russia illegally exports 150,000-170,000 tonnes of grain from Ukraine per month - Ukrainian Ambassador to Turkey
28.06.2022  
08:35 Export prices for milling wheat again fell slightly
27.06.2022  
09:50 No concrete agreements on holding talks with participation of Ukraine, Russia, Turkey, UN on grain export MFA
20.06.2022  
20:32 Coca-Cola to cease production and sales in Russia
14.06.2022  
16:27 Afghanistan: FAO and the World Bank step up their response to the worsening food security $195 million emergency project aims to provide critical life-saving and livelihood assistance to smallholder farmers
13:32 Ukraine calls on other countries to abandon export restrictions - trade representative
13.06.2022  
12:26 India bans wheat exports to ensure sufficient domestic food grain supply
03.06.2022  
10:28 Thailand Sugar Production and Exports Continue to Rebound
02.06.2022  
11:11 Global rapeseed supplies in 2022/23 are projected to a record 100.5 MMT
31.05.2022  
12:51 Global soybean production in 2022/23 is forecast at a record 394.7 MMT
24.05.2022  
09:05 Global soybean production in 2022/23 is forecast at a record 394.7 MMT
17.05.2022  
15:00 Ukraine rapeseed production is forecast to rise despite the ongoing hostilities
10:49 2021/22 Indonesia Palm Oil Exports Slashed
16.05.2022  
15:45 Astarta Completed Spring Planting 2022
15.05.2022  
16:37 2022/23 Grain Consumption Exceeds Production, Stocks Tighten
11.05.2022  
14:31 EBRD to play key role in support of Ukraine, President says
09.05.2022  
11:15 Vegetable oil and maize prices slightly decrease after recent surge, while rice, meat, dairy and sugar prices slightly increase and global trade prospects dim
29.04.2022  
14:03 BASF achieves strong EBIT before special items despite significantly higher energy and raw materials prices
28.04.2022  
17:52 EU takes steps to suspend all duties on imports from Ukraine
16:27 BASF to wind down activities in Russia and Belarus except for business that supports food production
27.04.2022  
13:54 EBRD enhances trade finance for Ukraine
09:11 Coca-Cola will provide assistance to Ukraine for up to $15 mln
26.04.2022  
20:35 Indonesia. Despite the expected increase in production, imports of raw sugar are also forecast to increase
19:43 Australia is expected to produce another big grain crop in MY 2022/23 after a record setting winter crop and strong summer crop production in MY 2021/22
21.04.2022  
10:15 The Ukraine Conflict and Other Factors Contributing to High Commodity Prices and Food Insecurity
16.04.2022  
16:25 WFP appeals for access to encircled cities in Ukraine
12.04.2022  
11:35 Global cereal trade and utilization in 2021/22 revised down
10:25 FAO Food Price Index posts significant leap in March

Also available: 


NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2022 © Agrarika, ltd.
tel.: +380 44 5934543; +380 44 5934540
e-mail: client@agroperspectiva.com