The shareholders approved the new composition of the Bank’s Supervisory Board. It was composed of Herbert Stepic, CEO of Raiffeisen International, Jeffry Millikan, CIS Regional Director, Head of RI Strategy and Provision Department, Martin Grüll, CFO, RI Board member, Aris Bogdaneris, RI Board member, and Heinz Wiedner, Operations Head, RI Board member.
By results of 2005, Bank Aval was recognized the most active bank among Ukrainian banks by the number of talks, conducted within the frames of the system Reuters Dealing in 2005.
The total volume of the resources, attracted by Bank Aval from international financial organizations and foreign banks in 2005, exceeded USD 500 million, what was the highest result among Ukrainian banks. Last year, Aval became the first bank among Ukrainian banks, which got hryvnia resources from three international investment funds for their further allocation on deposits to a total sum above UAH 910 million.
October
The closure of the transaction of acquisition of 93.5 per cent of the Bank’s shares by the Raiffeisen International group. The sum of the transaction was record for the banking sector of Ukraine and CIS countries and amounted to USD 1.028 billion.
The National Bank of Ukraine confirmed Volodymyr Lavrenchuk’s appointment as Chairman of the Bank’s Board.
The authorized capital of Bank Aval increased by UAH 500 million to UAH 1,5 billion.
August
The majority shareholders of Bank Aval took a decision on the sale of 93.5 per cent of the shares, being their property, to the group Raiffeisen International (Vienna, Austria).
July
Bank Aval ranked among the ten most capitalized enterprises of Ukraine according to the rating "TOP-100. The Rating of Ukraine’s Best Companies", composed by the Investgazeta weekly.
May
The European Bank for Reconstruction and Development recognized Aval as one of the most active banks in the region of the South-Eastern Europe and the former USSR countries within the frames of the Trade Facilitation Program (TFP).
The agency Moody’s gave Bank Aval the long-term rating B2 and the short-term rating Not-Prime for foreign currency deposits, and also the D-rating of its financial stability (RFS). All the ratings have a stable prognosis.
April
Four branches of the Bank were ranked the best in different nominations of the Western Union's project "Top Teams Ukraine".
January
The transaction between Bank Aval, Deutsche Bank AG London (Deutsche Bank), Raiffeisen Zentralbank Osterreich AG (RZB) and Raiffeisenbank Ukraine on the arrangement of a syndicated credit amounting to USD 45 million in 2004 was recognized by the magazine Global Trade Review as "Best Transaction - 2004".
