Raiffeisen Bank Aval

Raiffeisen Bank Aval, controlled by Raiffeisen Bank International since 2005, is the 5th largest bank in Ukraine, accounting for 5% of total domestic banking assets. The EBRD acquired a 30% stake in Aval in 2015.

Shareholders Structure

SUMMARY

Market Price ($) 0.0178
Market Cap ($m) 1,093
Shares Outstanding 61,495,162,580
Code BAVL

Recommendations

FV ($) ****
Upside (%) ****
Recommendation ****
Indicator 2017 2018 2019 2020E 2021E
Sales ($m) 320 368 *** *** ***
Net Income ($m) 200 193 *** *** ***
Book Value ($m) 386 422 *** *** ***
Indicator 2017 2018 2019 2020E 2021E
P/E 5.46 5.68 *** *** ***
P/Book 2.83 2.59 *** *** ***
ROE(%) - 47.6% *** *** ***

Latest news about Raiffeisen Bank Aval

Feb 12, 2021
| Banking

Raiffeisen Bank Aval – Reports solid profitability in 4Q20 and 2020

Raiffeisen Bank Aval’s provisional unconsolidated 2020 financials released by the NBU showed net profit of UAH 4.1bn ($151m) in 2020, down 14% y-o-y and implying 4Q20 net income of UAH 0.95bn ($34m), down 9% q-o-q. Total assets increased by 35% y-o-y (+8% q-o-q), with net loans -3% y-o-y (+4% q-o-q) and customer deposits +32% y-o-y (+5% q-o-q). NIM (based on net interest-bearing assets) stood at 8.4% in 2020, -1.6pp y-o-y. Cost of risk (annualized) came in at 1.4% in 2020, up from almost zero in 2019. The total capital adequacy ratio (NBU) stood at 18.0%, -1.1pp y-o-y and +1.4pp q-o-q. (NBU)
Nov 12, 2020
| Banking

Raiffeisen Bank Aval — Parent’s 3Q20 financials in line with locally reported results

Raiffeisen Bank International (RBI), as part of its 3Q20 IFRS statements, reported results for its Ukrainian unit Raiffeisen Bank Aval (BAVL). Aval booked 3Q20 net profit of EUR 33m ($39m), down 6.3% q-o-q, bringing 9M20 net income to EUR 105m ($118m), -17% y-o-y. NIM stood at 7.9% in 3Q20, -1.2pp q-o-q (8.9% in 9M20, -2.0pp y-o-y), while the Cost/Income ratio increased by 4.9pp q-o-q to 44.7% (43.5% in 9M20, -1.6pp y-o-y).
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