OREANDA-NEWS. April 26, 2011. In view of the improved economic environment in Ukraine, Raiffeisen Bank Aval restarts crediting programs for private individuals. It has been announced at today’s press-conference in Kyiv by Volodymyr Lavrenchuk, CEO of the Bank, and Robert Kossmann, member of the Board, responsible for the retail business.

The first product to be offered by the Bank to its private clients is Cash Loans. According to this program, the Bank will provide loans sized UAH 5,000 – UAH 100,000 to private individuals. These loans are characterized by a simple issuing procedure, and they may be used for any purposes.

"Cash Loans is the first swallow among products to be offered to private clients in 2011", said Volodymyr Lavrenchuk. "A “credit spring” is coming to Ukraine step by step, and today the closest large bank declares about the resumption of active crediting for different needs to the Ukrainians", added the banker.

Raiffeisen Bank Aval JSC, founded in March 1992, is one of the largest Ukrainian banks in terms of a number of core parameters. It is a universal bank, which offers clients a wide range of standard and innovative services through its all-Ukrainian branch network.

Raiffeisen Bank International (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets.

RBI is a fully-consolidated subsidiary of Raiffeisen Zentralbank Хsterreich AG (RZB). RZB indirectly owns around 78.5 per cent of RBI's common stock, the remainder is in free float. RBI's shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country's largest banking group, and serves as the group head office of the entire RZB Group, including RBI.