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20 August 2019

Oleksandr Pysaruk to become new CEO of Raiffeisen Bank Aval

Kyiv. August 20. — Following a well in advance planned comprehensive search for a suitable successor, the Supervisory Board took the decision to appoint Oleksandr Pysaruk as the new CEO of Raiffeisen Bank Aval. This decision is subject to the approval of the supervisory authorities. The 54-year-old Ukrainian is a senior banker with 27 years of experience, including senior roles in leading international banks, the National Bank of Ukraine and the IMF.

Volodymyr Lavrenchuk has held the position of CEO in Raiffeisen Bank Aval for the last 14 years. During those years the bank was transformed into a modern and efficient financial institution well integrated into Raiffeisen Bank International which is one of the leading European banking groups.

Raiffeisen Bank Aval holds a leading position and has an excellent reputation in the Ukrainian financial market with a high level of customer’s confidence as well as outstanding financial results demonstrated during the last years.

"Volodymyr Lavrenchuk has made a lasting contribution to Raiffeisen Bank Aval. He navigated our bank with great care and great personal commitment through sometimes very difficult waters. He hands over a strong bank to his successor. On behalf of the Supervisory Board, I would like to express our gratitude and high appreciation,” said Martin Grüll, Chairman of the Supervisory Board of Raiffeisen Bank Aval. “We are glad that we have found in Oleksandr Pysaruk an experienced and renowned successor, who will continue the successful work of Volodymyr Lavrenchuk,” Martin Grüll continued.

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Raiffeisen Bank Aval JSC was registered on March 27, 1992, from October 2005 it became a part of the Austrian Banking Group Raiffeisen Bank International AG. As of June 30, 2019, Raiffeisen Group owned 68.28% of bank’s stakes, and the European Bank for Reconstruction and Development owned 30%.

Wide range of banking services is provided to 2.5 mio customers of Raiffeisen Bank Aval via the nationwide network, which included 499 branches around Ukraine.