Raiffeisen is looking for hundreds of new employees in Russia, and the bank has launched an "immediate investigation" in this regard
17 april 2024
Raiffeisen Bank is a universal bank, a part of the Austrian Raiffeisen Bank International AG banking group. The bank has 2.6 million clients and 391 branches in Ukraine.
When Raiffeisen Bank Int bought 93% of Aval bank in 2005, they decided to keep the brand name. In April 2021, the shareholders changed the name to Raiffeisen Bank. The decision will enter into force after all legal procedures are completed.
Raiffeisen Bank ranks #5 among all Ukrainian banks in terms of assets and #8 in terms of financial health. As of January 1, 2021, the bank's assets amounted to 111.5 billion UAH, which was 21% more than the previous year. As of year-end 2020, the bank reduced its profit by 14.1% compared to 2019 - to 4.07 billion UAH.
The bank is on the list of systematically important banks. At the end of 2020, Raiffeisen Bank joined the BankID system.
In April 2021, the National Bank issued a warning letter to Raiffeisen Bank based on the results of supervision in the field of prevention and countermeasures against the legalisation of crime assets, the financing of terrorism and the financing of the proliferation of weapons of mass destruction, as well as currency supervision.
It is noteworthy that the Austrian Raiffeisen Bank has become the leader of the Mind viability rating of banks that operate in Ukraine, as it has significantly improved the quality of its credit portfolio over the past year. The high rating was given based on general indicators of liquidity and return on capital.
