Raiffeisen Bank
A Ukrainian commercial bank and subsidiary of Austria-based Raiffeisen Bank International.
Last updated September 23, 2026
AI crawler reads
No AI crawler has read this profile since Oct 28, 2026.
Overview
Raiffeisen Bank is a Ukrainian commercial bank operating under the Raiffeisen brand and serving retail customers, microbusinesses, small and medium-sized enterprises, and corporate clients. The institution was registered on 27 March 1992 and developed as one of Ukraine's major privately controlled banks. It was formerly known as Raiffeisen Bank Aval, a name that reflected the bank's earlier ownership and branding history; in June 2021, its official name was changed to Raiffeisen Bank. The bank became part of the Austrian Raiffeisen banking group in 2006, when Raiffeisen Bank International established its position as the principal foreign shareholder. The bank's ownership structure also included the European Bank for Reconstruction and Development, which acquired a 30% stake in 2015 as part of a capital increase. Raiffeisen Bank International held a 68.26% stake according to the referenced historical information. This structure made the Ukrainian institution one of the country's most prominent banks with foreign capital. Raiffeisen Bank's business covers conventional banking services for individuals and businesses. Its activities include payment cards, cash and account services, retail banking, lending, payment acceptance, and banking services for microbusiness, small and medium-sized enterprises, and larger corporate customers. The bank has also operated a large network of automated teller machines and merchant point-of-sale terminals. Historical network information reported 4.9 million issued payment cards and more than 23,000 trading POS terminals. In 2018, its network included 503 branches, 2,525 ATMs, and 414 payment terminals; an earlier 2013 description recorded 798 operating units, including full-service, commission, and VIP branches. The institution was described as Ukraine's fourth-largest bank in 2018 and as the country's largest bank with foreign capital at that time. It also ranked third in the retail banking market based on historical information dated 1 January 2018. Unlike several other leading Ukrainian banks that came under state ownership following the banking-sector crisis and government-supported resolution of a major bank in 2016–2017, Raiffeisen Bank remained privately controlled. In early 2024, Ukraine's National Bank confirmed it as one of the country's systemically important banks. Raiffeisen Bank's present identity combines local Ukrainian banking operations with the governance, capital, and international brand association of Raiffeisen Bank International. The available reference material does not provide current financial statements, a current branch count, a complete management roster, or a detailed description of its latest digital products. Those details therefore require verification from current regulatory filings or the bank's official publications.
History
Raiffeisen Bank's Ukrainian operation was registered on 27 March 1992, during the formative period of Ukraine's post-Soviet banking system. It developed as a commercial bank serving both individuals and businesses, gradually building a national branch and payments infrastructure. Its customer coverage included retail clients as well as microbusinesses, small and medium-sized enterprises, and corporate customers. A major transformation came in 2006, when the bank became a subsidiary of Austria-based Raiffeisen Bank International. Before and during the period of integration into the Austrian banking group, the Ukrainian institution was widely known as Raiffeisen Bank Aval. The Raiffeisen affiliation connected the local bank with an international financial group while preserving its role as a Ukrainian operating bank. The institution expanded its physical network during the 2000s and 2010s. Information for the end of 2013 described 798 operating units: 711 full-service branches, 85 commission branches handling cash transactions for private customers, and two branches serving VIP clients. The full-service locations supported standard services for individuals and business customers, including microbusiness, small business, medium-sized business, and corporate banking. By 2018, the reported network consisted of 503 branches, 2,525 ATMs, and 414 payment terminals. The bank had issued 4.9 million payment cards and operated one of the country's largest merchant POS networks, with more than 23,000 units. In 2015, the European Bank for Reconstruction and Development acquired a 30% stake in Raiffeisen Bank Aval through a capital increase. The transaction added an international development-finance institution to the shareholder structure. Historical information identifies Raiffeisen Bank International as holding 68.26% of the bank. The combination of the Austrian parent and the EBRD investment reinforced the institution's foreign-capital profile. The Ukrainian banking sector experienced severe stress in the middle of the 2010s. Following the government-supported resolution and bailout of the country's largest bank around 2016–2017, Raiffeisen Bank Aval was described as the only bank among the five largest institutions that was not owned by the Ukrainian state. In 2018, it was reported as Ukraine's fourth-largest bank and the largest bank with foreign capital. It was also ranked third in the retail banking market according to historical data dated 1 January 2018. During this period, Volodymyr Lavrenchuk led the bank, serving as its chief executive from 2005 until 2019. In June 2021, the bank formally changed its name from Raiffeisen Bank Aval to Raiffeisen Bank. The change brought the Ukrainian subsidiary's public identity closer to that of its international parent and the wider Raiffeisen brand. In early 2024, the National Bank of Ukraine confirmed Raiffeisen Bank as one of the country's systemically important banks. This designation recognized the institution's importance to financial stability and the continuity of essential banking services. The available reference material establishes the bank's historical ownership, market position, infrastructure, and major brand transition, but does not provide sufficient current information about its financial results, present executive team, current network, or detailed product architecture. Those areas should be updated from current official and regulatory sources before being treated as definitive.
- 2024
Confirmed as systemically important
[1]The National Bank of Ukraine confirmed the bank as one of Ukraine's systemically important banks.
- 2021
Brand renamed Raiffeisen Bank
[1]The institution officially changed its name from Raiffeisen Bank Aval to Raiffeisen Bank in June.
- 2018
Ranks among Ukraine's leading banks
[1]Historical information described the bank as Ukraine's fourth-largest bank and largest bank with foreign capital, with 503 branches, 2,525 ATMs, and more than 23,000 POS terminals.
- 2015
EBRD takes a 30% stake
[1]The European Bank for Reconstruction and Development acquired a 30% interest through a capital increase.
- 2013
Large national operating network documented
[1]The reported network comprised 798 operating units, including full-service, commission, and VIP branches.
- 2006
Becomes a subsidiary of Raiffeisen Bank International
[1]The bank entered the Austrian Raiffeisen Bank International group and developed as an international-group subsidiary in Ukraine.
- 1992
Bank registered in Ukraine
[1]The institution was registered on 27 March 1992 and began its development as a Ukrainian commercial bank.
Products and positioning
A systemically important Ukrainian commercial bank positioned around full-service retail and business banking, supported by the international Raiffeisen banking group and a historically broad physical and payments network.
Personal banking
Retail banking
The bank provides standard services for individual customers, including accounts, cash operations, payment services, cards, and access to lending and other retail banking products. The available reference material identifies retail banking as a core business area but does not specify the current product catalogue or digital channels.
Payments
Payment cards
Payment cards are a major historical product line. The bank reportedly had issued 4.9 million payment cards as of the cited historical period, supporting everyday payments and cash access through its ATM and merchant network.
Business banking
SME and corporate banking
Raiffeisen Bank serves microbusinesses, small and medium-sized enterprises, and corporate customers through business accounts, payment services, cash operations, and lending-related banking services. The sources do not provide a current breakdown of individual products or eligibility criteria.
Payments
Merchant acquiring and POS services
The bank has historically operated one of Ukraine's largest networks of trading point-of-sale terminals, with more than 23,000 units reported in the reference material. The offering supports card acceptance for merchants and forms part of the bank's business payments infrastructure.
Brand decisions
2021
Transition from Raiffeisen Bank Aval to Raiffeisen BankStrategyBackground
The Ukrainian subsidiary had operated for years under the Raiffeisen Bank Aval name while belonging to the Raiffeisen Bank International group.
Action taken
In June 2021, the bank officially adopted the shorter Raiffeisen Bank name.
Aftermath
The change aligned the Ukrainian bank's public identity more closely with the international Raiffeisen brand.
2015
Capital increase involving the EBRDM&ABackground
The bank operated in a Ukrainian banking market undergoing restructuring and capital pressure. The European Bank for Reconstruction and Development acquired a 30% stake in Raiffeisen Bank Aval.
Action taken
The EBRD invested for a 30% ownership interest through a capital increase, while Raiffeisen Bank International remained the majority shareholder according to the cited historical ownership data.
Aftermath
The transaction increased the bank's capital and reinforced its position as a foreign-capital institution in Ukraine.
Recent events
- 2024
National Bank of Ukraine confirms Raiffeisen Bank as systemically important[1]
Regulation
Ukraine's central bank confirmed Raiffeisen Bank among the country's systemically important banks, reflecting its significance to the national banking system.
- 2021
Raiffeisen Bank Aval officially changes its name to Raiffeisen Bank[1]
Other · Leadership change
The Ukrainian institution formally replaced the Raiffeisen Bank Aval name with Raiffeisen Bank, consolidating its identity under the broader international Raiffeisen brand.
- 2015
EBRD acquires a 30% stake in Raiffeisen Bank Aval[1]
M&A
The European Bank for Reconstruction and Development acquired a 30% interest in the bank as part of a capital increase intended to strengthen its capital base.
Sources3 sources
Cite this profile: Cite the canonical profile. /brand-wiki/raiffeisen-bank · Editorial policy · How profiles are compiled