The owner of "Aval" has received more than 1 billion euros of profit

The consolidated profit of the bank holding the Austrian Raiffeisen Bank International in the last year amounted to 1.09 billion euros. According to the press office of Raiffeisen Bank Aval, the Ukrainian "daughter» Raiffeisen Bank International. Compared with 2009 consolidated profit of Raiffeisen Bank International has grown to more than 2,4 times. All figures are in accordance with International Financial Reporting Standards (IFRS). "2010 was decisive for our company and for its domestic market - Central and Eastern Europe. Despite the substantial additional costs associated with the merger (Raiffeisen Zentralbank Oesterreich AG (RZB) and Raiffeisen International Bank-Holding, which was completed in fall 2010 - "Work"), for the first fiscal year Raiffeisen Bank International has been achieved very good levels of annual profit, component of over one billion euros "- quoted Chairman of the Board Raiffeisen Bank International, Herbert Stepic press office Aval. According to him in Central and Eastern Europe as a whole there was improvement of the economy, and it is expected that all countries of the region in 2011 to resume growth. "As a result, should increase demand for financial products - and for this we are also well prepared", - adds Herbert Stepic. Recall that in Ukraine, Raiffeisen Bank International belongs to Raiffeisen Bank Aval (96,2% of shares), took 4 th place in terms of assets among the Ukrainian banks (as of 1 January 2011 the volume of assets Aval reached 55.1 billion USD .). Source: delo.ua