OREANDA-NEWS. November 20, 2007. Raiffeisen Bank Aval has been awarded "Choice of the Year 2007" for the best mortgage and deposit programs within the framework of the International festival-contest "Choice of the Year", reported the press-centre of Raiffeisen Bank.

The special awards "Mortgage Program of the Year" and "Deposit Program of the Year for Private Individuals" were forwarded to Raiffeisen Bank Aval during the solemn ceremony of awarding the winners of the contest "Choice of the Year 2007", held on 17 November, 2007 in Kyiv.

The Bank has become the "Choice of the Year" winner for the second year running: in 2006, Raiffeisen Bank Aval was also the best in the nomination "Mortgage Program of the Year".

Currently, the Bank offers its private clients loans for purchasing realty on the primary and secondary markets and land plots as well as house building loans. The Bank also provides realty secured loans. Raiffeisen Bank Aval is one of the leaders in terms of mortgage loans among Ukrainian banks.

The Bank also takes the leading position in terms of the volumes of funds, attracted from households. Specifically, private clients may place their funds on deposit accounts in hryvnias, US dollars and euros for 3months, 6 months and for a year plus one day period. A deposit agreement may stipulate interest payment in the end of a deposit period or on a monthly basis as well as adding interests to a deposit amount, the possibility of early withdrawal of a portion of a deposit sum without cancellation of a deposit agreement, the possibility of replenishment or prolongation of a deposit.

The International festival-contest "Choice of the Year" is the all-nation annual project aimed at specifying and further promoting goods and services in different categories at the Ukrainian market. Award laureates are defined by the results of the all-Ukrainian marketing research of users’ preferences, conducted by the international marketing agency TNS Ukraine. The results of the research is usually approved by the Expert Board of the contest, the choice of the winners is audited by the Deloitte company.

Raiffeisen Bank Aval, founded in March 1992, is one of the largest Ukrainian banks and takes leading positions in Ukraine’s banking market in terms of a number of financial core results. As at 1 October 2007, the bank’s net assets amounted to about UAH 41,37 billion, the loan portfolio was almost UAH 32,8 billion. The regional branch network of Raiffeisen Bank Aval comprises about 1,300 business outlets located throughout Ukraine.

Raiffeisen Bank Aval is a subsidiary of Raiffeisen International Bank-Holding AG, the holding company for subsidiary banks of Raiffeisen Zentralbank Osterreich AG (RZB) in Central and Eastern Europe.