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Finance, Economy, Banking, Investment Roundtable with Chairman of the Board Raiffeisen Bank Aval, Volodymyr Lavrenchuk
U.S.-Ukraine Business Council (USUBC),
Wash, D.C. Wed, May 2, 2018
On May 1 US-Ukraine Business Council (USUBC) held an excellent working luncheon meeting with Volodymyr Lavrenchuk, Chairman of the Board of Reiffesein Bank Aval who presented to USUBC members his vision of the future of the banking sector in Ukraine.
He commented on Reiffesen's successful strategy in Ukraine, its business approaches and on the changes and trends that were affecting the banking industry today.
In the picture left to right: Vladyslav Rashkovan, Alternate Director, IMF; Alexander Gordin, Managing Director, Broad Street Capital Group; Volodymyr Lavrenchuk, Chairman of the Board, Raiffeisen Bank Aval; Peter Yanachkov, Managing Director, Pierce Capital Partners; Oksana Davydovych, Economic Specialist, U.S Embassy, Kyiv; Roman Kachur, Alternate Executive Director for Ukraine, The World Bank Group; Morgan Williams, President, U.S.-Ukraine Business Council (USUBC)
Volodymyr Lavrenchuk is recognized as one of the most trusted experts in the financial and banking sectors of Ukraine, one of the best top managers in Ukraine’s banking system and a most authoritative banker of Ukraine. He is a highly respected business leader.
In the picture: Morgan Williams, President of USUBC; Oksana Davydovych, Economic Specialist, U.S Embassy, Kyiv; Eddie Eichler, Ukraine Desk Officer (Econ), U.S. Department of State
This roundtable was moderated by USUBC President Morgan Williams. After his presentation Mr. Lavrynchuk took numerous questions from the audience regarding business and investment climate in Ukraine, new banking regulation and the NBU's policies in the banking sector of the Ukraine.
In the picture: Melinda Haring, Editor, UkraineAlert Weekly Publication, Atlantic Council and John Herbst, Former U.S. Ambassador to Ukraine
The meeting was attended by representatives of the U.S. Department of Commerce, U.S. State Department; U.S. Embassy in Kyiv, Ukrinform, Baker & McKenzie , Archer Daniels Midland (ADM), SAIS John Hopkins University, Promonory Financial Group, The Peoples GroupGroup, APCO Worldwide, National Coalition SupportingEurasian Jewry (NCSEJ), Culhane Meadows, Broad Street Capital Group, Atlantic Council, Center for Private Enterprise (CIPE), The World Bank, International Finance Corporation (IFC), RULG - Ukrainian Legal Group, International Monetary Fund (IMF), U.S.-Ukraine Foundation, Eurasia Business Consultancy, Ukrainian National Information Service, McLarty Associates, Astana Law Partners, First International Resources, Pierce Capital Partners.
The U.S.-Ukraine Business Council (USUBC) would like to thank again Volodymyr Lavrenchuk for taking time to meet with our members and discussing critical and important issues.
Our special thanks to BakerMcKenzie, a member of USUBC for letting us use their great White House room for the meeting in Washington!
BIO: Volodymyr Lavrenchuk, Chairman of the Board, Raiffeisen Bank Aval
Volodymyr Lavrenchuk has been in banking sector since 1982. In different times, he occupied managerial positions in the Savings Bank of Ukraine, Ukrinbank and Raiffeisenbank Ukraine.
Since October 2005, Mr. Lavrenchuk has been appointed Chairman of the Board of Raiffeisen Bank Aval.
Volodymyr Lavrenchuk has not once been recognized as the best leader in the financial segment of Ukraine. In 2011, he was named among TOP 5 most authoritative top managers in all the industries of the Ukrainian economy according to the rating made by the Companion magazine. Expert groups, which took part in making business ratings in different years, recognized CEO of Raiffeisen Bank Aval as the best top manager in Ukraine’s banking system (the magazine “TOP 100. Rating of Business Leaders of Ukraine” and awards of the Guard of Managers all-Ukrainian Rating); the most authoritative manager among the leaders of Ukrainian banks (the Companion magazine); the best top manager in terms of introduction of reputation marketing (the Bankir magazine); the best top manager of a bank with foreign capital (the Kontrakty business weekly). In 2014, Volodymyr Lavrenchuk took the first position in the rating “Ukrainian bankers most open for communications with journalists and clients”, made by the Investgazeta.
In 2015, the Companion magazine recognized Volodymyr Lavrenchuk as the most authoritative banker of Ukraine. He also topped the Ukrainian Banker Awards rating of the best Ukrainian bankers, made by the business portal Delo.ua. Volodymyr Lavrenchuk is a Trust Council of the National University “Kyiv-Mohyla Academy”. In 2016, Mr. Lavrenchuk became a laureate of the prize “People of the New Time” by the Novoye Vremia magazine and for the fourth time he took the 1st position in the category “Banker of the Year” in the Financial Oscar rating by the Biznes newspaper. He was also named among the winners in the category “Best Top Manager of a Bank” in the rating “50 Leading Banks in Ukraine 2016” of the Financial Club company.
ABOUT THE RAIFFEISEN BANK AVAL BANK
Raiffeisen Bank Aval Public Joint Stock Company (JSC Raiffeisen Bank Aval) was registered on 27 March 1992 (operated 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 December 2017, the RBI Group held 68.28% of Raiffeisen Bank Aval’s authorized capital, and the European Bank for Reconstruction and Development owned 30% of the authorized capital of the bank.
Raiffeisen Bank Aval provides a wide range of standard and innovative banking services to more than 2.5 million customers via its nationwide network, which comprised, as of the end of December 2017, 500 outlets located throughout Ukraine. Raiffeisen Bank Aval maintains its leadership in the service quality in the Ukrainian banking sector. According to GfK Ukraine, which is specialized in market researches, the reputation of the bank outreaches the average market one.
Substantial successes of the bank are traditionally recognized by reputable editions and experts, rating companies, partners and customers in Ukraine and abroad. Among those awards were “Best Bank in Ukraine” (by Euromoney, Global Finance, EMEA Finance), “Best Trade Finance Provider in Ukraine ” (Global Finance); “Most Active Issuing Bank in Ukraine under the Trade Facilitation Program” (EBRD) and many other.