JSC Raiffeisen Bank Aval was registered on 27 March 1992 (under the brand name of Joint Stock Postal Pension Bank Aval until 25 September 2006). Since October 2005, the bank has been part of Raiffeisen International Bank Holding AG Group, Austria (since October 2010 — Raiffeisen Bank International AG). As of 31 March 2016, the RBI Group held 68.28% of Raiffeisen Bank Aval’s equity, and the European Bank for Reconstruction and Development owned 30% of the bank’s equity. Raiffeisen Bank Aval provides a wide range of standard and innovative banking services to more than 2.6 million customers through its nationwide network, which is comprised of 577 outlets located in big cities, provincial and community centers throughout Ukraine. Raiffeisen Bank Group is the largest banking group in Austria in terms of assets. Raiffeisen owns subsidiary banks in 16 countries of Eastern Europe.
UkrSibbank was founded in 1990 and quickly grew from a regional Bank to a national leader. Then Bank evolved further to its membership in one of the world’s largest banking groups.
Since 2006 the international bank BNP Paribas, one of the world leaders in the financial services market, has been a principal shareholder of UkrSibbank. BNP Paribas takes the lead among foreign banks present in Ukraine in terms of assets, net profits and market capitalization.