Raiffeisen Bank Aval named Best Foreign Exchange Provider in Ukraine by Global Finance
Kyiv. 21 November. – Global Finance magazine has named its twentieth annual World’s Best Foreign Exchange Providers in 113 countries. Raiffeisen Bank Aval is recognized as Best Foreign Exchange Provider in Ukraine. The awarding ceremony was held in London on November 19, 2019.
Criteria for choosing the Foreign Exchange Providers award winners included transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies. Global Finance also considered input from industry analysts, corporate executives and technology specialists.
Ruslan Spivak, Chief Corporate Business Officer in Raiffeisen Bank Aval, commented the awarding of the bank: «First of all, we thank our clients and partners for their trust and use of our services. We do not stand still – we are developing new approaches, new services, particularly, in the FX sphere. In addition, we are always ready to give an expert consultation and help to a client and his business. It is thanks to our permanent development that we remain the leaders in servicing the needs of the external economic activity of Ukrainian companies».
Head of Dealing Operations Department of the Treasury of Raiffeisen Bank Aval Yuriy Grynenko noted: «In conditions of sequential liberalization of the FX market that causes strengthening of competition and appearance of new demanded financial instruments, we have managed to maintain the loyalty of our customers and increase the volume of transactions, mostly due to a careful individual approach to every client. We remain one of the main guides at Ukraine’s FX market that essentially influences the total efficiency of the economy of the country. We are proud of the recognition and thank for our rewarding with this high award for the second year running».
«Currency exchange is at the heart of global trade, which is at present imperiled by revived nationalist fervor and calls for protectionism», says Joseph D. Giarraputo, publisher and editorial director of Global Finance. «Global Finance’s annual FX Awards showcase financial institutions that provide the stability and insight that help clients navigate this complex and rapidly changing environment».
Global Finance, founded in 1987, has a circulation of 50,000 and readers in 188 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions.
Raiffeisen Bank Aval was founded on 27 March 1992. Since October 2005, the bank has become part of the Austrian banking group Raiffeisen Bank International AG. As at 30 September 2019, Raiffeisen Group owned 68.28 per cent of the shares of the bank, and the European Bank for Reconstruction and Development hold 30 per cent of the bank’s stock.
Raiffeisen Bank Aval offers a wide range of services to 2.5 million clients through its nation-wide regional network of about 500 branches all around Ukraine.