Companies

Raiffeisen Bank Aval (BAVL)

Business Profile

Raiffeisen Bank Aval, the fourth-largest bank in Ukraine with 5.5% of domestic banking assets as of end-1Q11, serves more than 5.5 million private and 245,000 corporate clients. Acquired by Raiffeisen International in 2005, Aval boasts a large nationwide retail network (over 950 outlets and 2,100 ATMs).

Financial Summary

Indicator200920102011E2012E2013F
Sales ($m)673656************
EBITDA ($m)--************
Net Income ($m)(237)11************
Net Debt ($m)--************

Valuation Summary

Indicator200920102011E2012E2013F
P/Eneg.38.7************
P/Book0.480.45************
ROE (%)938%876%************
Prices are quoted in UAH.


*Data available to Dragon Capital's institutional clients only.