Lviv Brewery LLC, a large supplier of drinks and food products in Western Ukraine, became a guarantor of Pro Tek Vikna Ukraine LLC on a credit line of EUR 8 million from JSC Raiffeisen Bank Aval. According to a company’s report in the information disclosure system of the National Securities and Stock Market Commission, the decision to sign the respective agreement with Raiffeisen Bank Aval was taken on September 20, 2019. The deadline for credit redemption is by December 31, 2026.
The agreement provides for the transfer of a separate launch complex to the bank in mortgage with a total area of 31,790 square meters, land plots with an area of 2,500 hectares and 2,900 hectares (all in Yavorivsky district of Lviv region) of the company Pro Tek Vikna Ukraine.
Lviv Brewery began its activity in 1997 as a wholesale warehouse of food products of all categories, now a large distributor of FMCG in western Ukraine. Main areas of activity: distribution of beer brands Carlsberg, alcoholic beverages Nemiroff, Oreanda, Shabo, grocery products Oleina, Rollton, Runa and others.
Pro Tech Vikna Ukraine is engaged in the production of wooden containers, wholesale of food products, etc.
According to the Unified Register of Legal Entities and Individual Entrepreneurs, the final beneficiaries of both companies are Vasyl Novak, Andriy Panas and Roman Paskovych.
A supervisory board of Raiffeisen Bank Aval has appointed former first deputy governor of the National Bank of Ukraine (NBU), Oleksandr Pysaruk, as Raiffeisen Board Chairman. According to the bank’s posting on its website, this appointment was made as a part of the thorough picking up of a successor to the incumbent сhair of the supervisory board, Volodymyr Lavrenchuk, who has been holding this position for 14 years.
The board’s decision should be approved by the state supervision agencies.
Pysaruk held the post of NBU first deputy governor since July 2014 and by the end of 2015.
The net profit of JSC Raiffeisen Bank Aval (Kyiv) in January-March 2019 amounted to UAH 1.079 billion, which is 21.9% less than in the same period of 2018 (UAH 1.381 billion). According to the quarterly statements of the bank on its website, its net interest income for the first three months of the current year increased by 6.3% compared to the corresponding period last year, to UAH 1.740 billion.
Since the beginning of the year, its assets decreased by 3.8%, to UAH 70.526 billion, in particular loans to customers were down by 3.3%, to UAH 45.278 billion.
Since the beginning of the year, the bank’s liabilities have decreased by 6.3%, to UAH 57.804 billion.
The charter capital of the bank in the first quarter did not change and remained at UAH 6.153 billion, while net worth grew by 9.4%, to UAH 12.721 billion.
Raiffeisen Bank Aval was founded in 1992. According to its data, on January 1, 2019, Raiffeisen Bank International owned 68.27% of the charter capital of the financial institution, the EBRD held 30%.
PJSC Raiffeisen Bank Aval (Kyiv) saw a 13.9% rise in net profit or by UAH 619.353 million in 2018, to UAH 5.088 billion, the bank has reported on its website. As reported, Raiffeisen Bank Aval in January-September 2018 saw a net profit of UAH 4.071 billion, which is 1% more than in the same period of 2017 (UAH 4.032 billion). The bank’s assets in January-September 2018 increased 7.5%, to UAH 71.246 billion, including loans and customer debt increased 24.3%, to UAH 45.783 billion.
Raiffeisen Bank Aval was founded in 1992. According to its data, on January 1, 2018 Raiffeisen Bank International owned 68.28% of the financial institution, while the EBRD held 30%.
Raiffeisen Bank Aval ranked fifth among 77 operating banks as of December 1, 2018 in terms of assets (UAH 70.003 billion), according to the National Bank of Ukraine.
The net profit of Raiffeisen Bank Aval (Kyiv) in January-June 2018 totaled UAH 2.72 billion, which is 0.5% more than a year ago (UAH 2.738 billion).
According to a financial report on the bank’s website, net profit in Q2 2018 accounted for UAH 1.371 billion, which is 6.4% more than in Q2 2017.
Net interest-bearing income in H1 2018 grew by 24.3%, to UAH 3.404 billion.
The loan profit of the bank fell by 48.2%, to UAH 510.006 million, and non-interest income – by 15.3%, to UAH 233.123 million.
Non-interest expenses grew by 12.7%, to UAH 1.927 billion.
The bank’s assets rose by 3.2% in H1 2018, reaching UAH 68.411 billion, including loans issued to clients rose by 12.3%, to UAH 41.393 billion.
The charter capital decreased 0.02%, to UAH 6.153 billion and net worth – by 14.9%, to UAH 9.285 billion.
Raiffeisen Bank Aval was founded in 1992. According to its data, as of January 1, 2018 Raiffeisen Bank International owned 68.28% of the charter capital of the financial institution, the European Bank for Reconstruction and Development (EBRD) some 30%.
Raiffeisen Bank Aval ranked fifth among 84 operating banks in terms of assets as of June 1, 2018 (UAH 69.317 billion), according to the National Bank of Ukraine.
The shareholders of PJSC Raiffeisen Bank Aval (Kyiv) at an annual meeting on April 27 approved the payment of UAH 4.244 billion in dividends for 2017 (approximately 6.9 kopecks per share), the bank has said. According to its report, the bank’s net profit for the past year amounted to UAH 4.469 billion, of which UAH 700,000 will be used to pay dividends to the holders of preferential shares, and almost UAH 223.5 million to the reserve fund of the bank.
The shareholders also decided to change the type of the joint-stock company to a private joint-stock company, in connection with which the name of the bank was changed from PJSC Raiffeisen Bank Aval to JSC Raiffeisen Bank Aval, the release said.
The shareholders elected the supervisory board headed by Martin Grull. Andriy Stepanenko became his deputy. The members of the supervisory board were elected Joseph Eberle, Harald Kroeger, Robert Fritz, Andreea Moraru, Anna Derevyanko, Pavlo Sheremeta, and Daniel Bilak. Raiffeisen Bank Aval was founded in 1992. According to its data, as of January 1, 2018 Raiffeisen Bank International owned 68.28% of the charter capital of the financial institution, the EBRD some 30%. Raiffeisen Bank Aval ranked fifth among 84 operating banks in terms of assets as of January 1, 2018 (UAH 72.108 billion), according to the National Bank of Ukraine.
