IFC and Raiffeisen Bank Aval signed an agreement on granting financing totaled USD 35 mn, out of which USD 20 mn constituted a subordinated credit and USD 15 mn made a principal credit.
November
Raiffeisen Bank Aval became an authorized bank for placement of temporarily free funds of the Kyiv budget in foreign and national currencies on deposit accounts.
Aval Bank and Standard Bank signed the credentials on increasing the syndicated credit of 2003 up to 30-50 mn US dollars and its prolongation for a year — till December 2005.
Aval Bank and EBRD signed an agreement on implementation of the project of mortgage crediting development and opening a corresponding credit line amounted to USD 10 mn.
October
The Bank’s total volume of net assets reached Hr 12 bn.
September
The Bank became an exclusive supplier to Ukraine of 45 kinds of gold coins and 70 kinds of silver coins of top quality, manufactured by mints of Australia, Greece and Great Britain.
June
The Bank’s authorized capital reached Hr 1 bn, having increased by Hr 200 mn as a result of subscription for ordinary shares of the Bank of the 20th issue and preference shares of the 1st issue.
Raiffeisen Bank Aval obtained a certificate of state registration of the corporate and the open non-governmental pension funds (NPF), which became the first NPF officially registered in Ukraine in line with the requirements of the current legislation.
May
The international auditor Ernst & Young completed an audit of the consolidated balance of Aval Bank, changes in the size of its equity capital and profit reporting by results of activities in 2003, which certified adequacy of book-keeping and credibility of its financial reporting, as of 31 December, 2003.
Mykhailo Horovenko, who had formerly occupied the post of Deputy Chairman of the Bank’s Board for Personnel and Regional Network Development, was elected Chairman of the Supervisory Board of the Bank.
The Bank was positioned the first in the rating "TOP-100. Largest Banks by an Amount of Net Assets for 2003", held by Investhazeta within the framework of the project "TOP-100. Best Companies of the Financial Sector".
April
EBRD recognized Raiffeisen Bank Aval as one of the largest dynamic banks in the region of the Central/Eastern Europe and countries of the former USSR within the framework of the trade assistance program.
Raiffeisen Bank Aval took first place in the nomination "Bank" of the all-Ukrainian rating "Consumer Preferences of Ukraine-2003", held by the non-governmental analytical center "The Institute of Reforms".
February
The Bank started commercial operation of the largest, the only in Ukraine project of implementation an integrated banking system for retail business, based on Bankmaster RS.
January
Raiffeisen Bank Aval completely fulfilled the main tasks of its business plan for 2003.
The financial result of the Bank for 2003 made up Hr 12 mn after taxation (by results of 2002, it amounted to Hr 4.4 mn).
