History of the Aval

History of the Aval1992February 27Assembly approved the creation of the founders of the Bank "Aval".Chairman of the Management Board elected FI Ham.March 27National Bank of Ukraine in the form of an open joint-stock company was registered joint-stock bank "Aval". Share capital - 100 000 000, registration number - 94. Open 3 branches of the Bank.April 4"Aval" bank carried out the first operation.August 27Opened its first regional office - Nicholas Directorate.1993Successfully operate 12 regional subdivisions.Bank joined the Association of Ukrainian Banks.Held the second issue of shares in order to increase the share capital up to 500 million rubles.The license of NBU № 48 dated 10.12.1993, on the performance of transactions in currency values.1994April 18, by Order of Ukraine № 1015 of 10.12.1993 "On measures to accelerate the payment transactions related to the payment of pensions, financial aid, and money orders," the National Bank of Ukraine registered the new status of "Aval" - Joint-Stock Post Pension Bank and charged him with responsibility for maintenance of the Pension Fund of Ukraine and mail.Hold its third issue of shares, the authorized capital increased to 5.2 billion rubles.Bank has received permission from the Ministry of Finance to operate as a depository for investment funds and investment companies.For the first time in its history, the bank has passed the international audit. The world-renowned company Arthur Andersen recognized financial position satisfactory.Conduct further expand the branch network and the management of the bank, the total number to 40.1995Held fourth issue shares in order to increase the authorized capital to 184,516,430,000 rubles.The Bank adopted the International Society SWIFT interbank paymentsIn the same year the bank has received official accreditation to participate in the implementation of the Bank's projects.Successfully operate 64 branch and regional management, as well as 82 remote location.1996After six issue of shares of the bank, which resulted in the authorized capital increased to 19.398 million hryvnia.Bank has received permission from the Ministry of Finance of Ukraine on the issue and circulation of securities.JSPPB "Aval" won the tender for maintenance of the Customs Committee of Ukraine.Commenced dealings in foreign exchange and financial markets of the CIS countries.Carried out the fifth issue of shares of the bank. Authorized fund increased to 1 072 318 810 000 rubles.Get an updated license of the National Bank of Ukraine № 10 dated 30.12.1996, on the right bank operations, a list of which expanded to 31, including the maintenance budget of Ukraine.Opened 28 offices and branches, 250 outlets.The Bank became a member of the international payment systems Visa and Europay.Started working its own processing center UPC.A first charge card.1997"Aval" as the best partner of Western Union in Eastern Europe.The same decision was made in the following years.1998In the system of the bank already operates 411 departments.Chairman of the Board of FI Ham elected deputies.1999As a result of the inspection of the National Bank and the World Bank - the bank "Aval" CAMEL system was rated "2" (the highest score on this system - "1").Introduced first in Ukraine total payment card UMC-Visa-Aval.In the financial rating of the weekly "Business" "Aval" took second place in the "bank where you would place your deposit."2000The Western Union Company recognized "Aval" most creatively oriented agent system.For the financial rating of the weekly "Business" "Aval" took first place in the "bank where you would place your deposit," Chairman of the Board A. Derkach recognized as the best in the "Banker of the Year."Brand "Aval" the winner of the All-Ukrainian contest "Brand of the Year" in the category "Public Recognition"."Aval" has undertaken a general sponsor of the National Academic Drama Theater. Ivan Franko.2001JanuaryBegan working around the clock customer support center.MarchThe number of corporate customers reached 100 thousandAprilThe auditing company Arthur Andersen made another conclusion of a satisfactory financial position.According to the results of the audit, shareholders' equity amounted to 44.21 million U.S. dollars.July"Aval", the first in Ukraine to pay pensions by plastic card "Onyx-retirement."AugustLoan portfolio reached $ 2 billion hryvnia.SeptemberThe Bank has started an emergency transfer of money in national currency in Ukraine on the basis of its own software system "Aval-Express".With the support of the Bank hosted the tournament for the prizes of the club "Leather Ball", which was attended by 40 thousand children's teams.OctoberIntroduced service "Mobile Banking" for mobile phone users.November"Aval" bank has strengthened its position as the leader of the Ukrainian banking system, taking first place in terms of credit and investment portfolio, net assets, share capital and the number of corporate accounts.Implemented in 2000, the largest card payroll project with the holding company "Luganskteplovoz" (the number of cards issued - 8000)."Aval" released 200000th charge card.Went four-volume translation of the classics of world literature in the Ukrainian language in "Library" Aval "bank."DecemberCommenced the payment of bank payment card products purchased over the Internet.For the financial rating of the weekly "Business" for 2001 CEO A. Derkach repeatedly recognized as the best in the "Banker of the Year."2002FebruaryBank and state-owned enterprise mail service "Ukrposhta" signed an agreement to provide services to the public on payment of money transfer Western Union.MarchMarch 27 - Joint-Stock Post Pension Bank "Aval" celebrated the 10th anniversary of its activities.The Cabinet of Ministers of Ukraine, the Verkhovna Rada of Ukraine and the National Bank was awarded a number of regional board of directors, as well as individual employees diplomas and memorable signs for special services to the Ukrainian people, a significant personal contribution to the development and professionalism and many years of fruitful work in the banking system of Ukraine .For outstanding achievements in professional work and many years of work, Deputy Chairman of the Board and Director Ivan Pinchuk Luhansk Oblast Directorate Alexander Mila awarded the Presidential Decree Kuchma Order "For Merit" third degree.First Deputy Chairman of the Bank and director Ivan Voloshko Dnepropetrovsk Gennady Directorate Malashenko honorary title "Honored Economist of Ukraine."For professionalism and contribution to the development of agriculture of the country all the employees of the Bank recorded Diploma of the Cabinet of Ministers of Ukraine.President of the Bank F.I.Shpig again elected deputies.MayThe auditing company Ernst & Young has provided another conclusion of satisfactory financial condition of the Bank. In accordance with the findings of the auditors, the adequacy of the Bank's capital has reached 14.32 percent., Nearly twice the minimum level established by the National Bank of Ukraine and recommended by the Basel Accord.The Bank began to make transfers in foreign currency via its own system of money transfers "Aval-Express".The Bank was recognized as the winner of the tender for the definition of the agent bank for payment of debt to creditors - individuals bank "Ukraine".April Bank entered the market with a new banking product - Interest rate options, which is the obligation of the seller to provide an interbank loan amount, interest rate and term of which are specified in the sale of the option.JuneBank began implementing Ukraine's largest project to implement an integrated banking system for retail business on the basis of software Bankmaster RS.Bank launched the long-term lending Ukrainian importers under an agreement with "Bankgesellschaft Berlin" (Germany) on goods of capital construction.Corporate site of a joint stock bank in the Internet has taken the second place in the category "Corporate sites" on III Kiev International Advertising Festival.JulyThe Bank has successfully debt payments 42 thousand depositors "Ukraine" in the amount of 182 million USD. via its own unique system of money transfers "Aval-Express".EBRD confirmed by the Bank to limit the program to promote international trade, which provides confirmation of their documentary credit and bank guarantees, open the program participants in the amount of $ 6 million.Chief Accountant of the Sevastopol branch of the Bank as the best Natalia Lyakh Master of Accountancy and was awarded an honorary degree by the Ukrainian campaign "Best Accountant in Ukraine" held the newspaper "All about accounting."AugustThe Bank has embarked on a project to sell pre-paid mobile services, as well as IP-telephony and Internet access through its network of regional offices.OctoberBank entered the "Top 100 Banks in Central and Eastern Europe," the rating agency Standard & Roor's.Independent rating agency "Credit-Rating" assigned to the Bank's credit rating.Luhansk Directorate realized the largest Payroll 2002 - for employees Alchevsk Steel (22 thousand cards).September Bank CEO Alexander Derkach ranked among the "10 best top managers of Ukraine", organized by the magazine "Companion" and verified by the auditing company Ernst & Young.The total number of ATMs reached 300 units. Total amount of issue of payment cards exceeded 700 thousand cards.NovemberBank to the Bank the next tranche of $ 3 million for microcredit program and opened a direct line of credit of $ 10 million to finance agricultural enterprises.Bank introduced a package of targeted programs to medium-term crediting of agricultural enterprises for the purchase of fixed assets - agricultural machinery, equipment and other capital goods destination.DecemberBank CEO Alexander Derkach took 8 th place in the ranking of the best top-managers of Ukraine "Top 100 Management" and 1st place in the branch rating "Top executives in the banking sector" carried "Ukrainian Investment Newspaper."The authorized capital reached a record for the Ukrainian banking system notes - 500 mln.2003JanuaryAval Bank as the best bank in 2002 for the financial rating of Ukrainian weekly "Business" - "The Bank, in which you have placed a deposit."March
 Bank Aval recognized winner of the second All-Ukrainian competition of public companies and enterprises - bond issuers for the best regular information on financial activities in 2002.AprilBank Aval is the first among Ukrainian banks in the ranking of public awareness - the results of research carried out by GfK-USM.MayMinistry of Emergency Situations of the Bank recognized the winner of the tender for the purchase of bank services.JuneHonorary president of Bank Aval Fedor Ham head of the Council of the Association of Ukrainian Banks - Ukraine's largest banking association.Bank took the first place in the "Bank of the trusted" - results of a nationwide survey of ~ ing] DIVISION.JulyInternational Journal of financial markets Euromoney in its annual ranking of the best banks in the world "Awards for Excellence-2003" Bank named Best Bank in Ukraine (Euromoney. - July 2003, № 411, Awards for Excellence, p.39).AugustBank fully placed its own bond issue for a total amount of 80 million USD.SeptemberThe bank was among the winners rating of "Companion", "20 companies that inspire," ranked # 1 among the Ukrainian banks and the 12th - among companies of all industries included in the rating.Bank to the Bank the second tranche of the credit line to support small and medium enterprises.17 branches of the Bank entered the top 500 offices of Western Union in Europe, the Middle East and Africa.October"Aval" certified service EMV chip payment cards MasterCard Standard and Visa Int."Aval" won the tender for the maintenance of advance loan from the World Bank to finance rural development."Aval" is recognized as the "Best Bank in Kiev in 2003" - results of a survey of readers Kiev Post.DecemberTotal net assets of the Bank amounted to UAH 10 billion.The authorized capital of the Bank in November was a record for the Ukrainian banking system mark - 800 mln.Chairman of the Board of the Bank took the 7-me in the rating of the best top-managers of Ukraine "Top 100" and 1st place in the branch rating "Top executives in the banking sector", "Ukrainian Investment Newspaper".2004JanuaryBank fully complied with the main objectives of its own business plan for 2003.Bank's financial result after tax for 2003 was 12 million USD. (At the end of 2002 - 4.4 mln.).FebruaryBank launched the largest industrial operation, only one in Ukraine project to implement an integrated banking system for retail business by Bankmaster RS.AprilEBRD recognized Bank is one of the largest growing banks in Central / Eastern Europe and the former Soviet Union in the framework of trade facilitation.Bank took first place in the "Bank" Ukrainian rating of "Consumer preferences of Ukraine-2003", held non-government think tank "Institute for reform."MayInternational audit firm Ernst & Young completed its audit of the consolidated balance sheet of the bank "Aval", changes in the size of its equity capital and earnings reports on the results of work in 2003, which confirmed the correctness of the accounting records and the accuracy of its financial statements as of December 31, 2003 .Chairman of the Supervisory Board elected Michael Gorovenko, who previously served as Deputy Chairman of the Board on the work of the staff and the development of the regional network.Bank topped the rating "TOP-100. The largest banks in terms of net assets for the year 2003 ", which took" Investgazeta "under the" TOP-100. The best companies in the financial sector. "June
 The authorized capital of the Bank amounted to UAH 1 billion., An increase of 200 million USD. as a result of the subscription for ordinary shares of the bank of the 20th issue of preferred stock and the first issue.Bank received the certificate of state registration of the corporate and public pension funds (NPF), which became the first officially registered in Ukraine in accordance with the applicable laws of NPF.SeptemberBank became the exclusive supplier to Ukraine 45 kinds of gold and silver coins of 70 kinds of high-quality production of mints in Australia, Greece and Britain.OctoberTotal net assets of the Bank amounted to UAH 12 billion.November Bank was authorized by the bank to place on deposit temporarily free budget funds in Kiev in foreign and local currencies.Bank and Standard Bank signed a mandate to increase the syndicated loan in 2003 to 30-50 million, and its prolongation by one year - until December 2005.The Bank and the EBRD signed an agreement to implement the project on the development of mortgage lending and opening date of the credit line in the amount of $ 10 million.DecemberIFC and the Bank signed an agreement to provide funding totaling $ 35 million, of which $ 20 million is subordinated debt and $ 15 million - the main credit.2005JanuaryThe deal between the bank "Aval», Deutsche Bank AG London (Deutsche Bank), Raiffeisen Zentralbank Osterreich AG (RZB) and Raiffeisen Bank Ukraine to organize in 2004 a syndicated loan in the amount of $ 45 million recognized magazine Global Trade Review «The best agreement of 2004 year. "AprilThe four branches of the Bank marked the best in various categories of the project «Top Teams Ukraine" by Western Union.MayThe European Bank for Reconstruction and Development has recognized "Aval" one of the most active banks in the region of South-Eastern Europe and the former Soviet Union in the framework of trade facilitation (TFP).Moody's has assigned the Bank "Aval" B2 long-term rating and short-term rating to Not-Prime foreign currency deposits, as well as D-financial strength rating (RFU). All ratings have a stable outlook.July"Aval" among the ten most capitalized companies of Ukraine according to the rating "TOP-100. Best companies of Ukraine "compiled" Investgazeta. "AugustThe majority shareholders of the bank "Aval" decided to sell 93.5 per cent. shares, which were in their possession, Raiffeisen International (Vienna, Austria).OctoberCompleted the acquisition of 93.5 per cent. shares of Raiffeisen International. Agreement was a record amount for the Ukrainian banking sector and the CIS and was 1.028 billion U.S. dollars.The National Bank of Ukraine approved as Chairman of the Board Mr. Lavrenchuk.The authorized capital of the bank "Aval" increased by 500 mln. to 1.5 billion USD.DecemberThe shareholders approved the new composition of the Supervisory Board of the Bank. It included the CEO of Raiffeisen International (RI) Stepic, regional director of the CIS countries, the head of the Department of Strategy and ensure RI Jeffrey Millikan, Chief Financial Officer, Member of the Board of RI Gryul Martin, a member of the RI Board of Aris Bogdaneris and director of operational support, Board Member RI Heinz Wiedner.At the end of 2005, the bank "Aval" recognized as the most active among the Ukrainian banks on the number of negotiations in the Reuters Dealing system in 2005.The total amount of funds raised by the bank "Aval" in 2005, the international financial institutions and foreign banks exceeded $ 500 million, which was the highest rate among Ukrainian banks. Last year, "Aval" is the first among Ukrainian banks, which received three international investment funds for the placement of hryvnia deposits totaling more than 910 million USD.taken from http://www.ricardo.com.ua