The Ukrainian Exchange has delisted shares of Raiffeisen Bank Aval, one of the country`s largest banks in terms of assets, due to its nonconformity with requirements for the inclusion in the second level quotation list, as reported on the stock exchange`s website.
”On April 12, 2016 ordinary registered shares of PJSC Raiffeisen Bank Aval were removed from the 2-level listing of the Exchange Registry, and were included in the category of unlisted securities,” according to a report.
As UaPosition reported earlier, Raiffeisen Bank Aval posted a net loss of UAH 1.443 billion based on results of 2015, which was lower by 2.6 times than a loss of UAH 3.806 billion posted a year before.
After the entry into force of more stringent listing requirements, the Ukrainian Exchange in January delisted shares of Azovstal, Ilyich Iron and Steel Works of Mariupol, Severny Ore Mining and Processing Plant and Ukrtelecom.
In March, shares of Avdiyivka Coke and Chemical Plant were also delisted.
UNIAN memo. Kyiv-based Raiffeisen Bank Aval has been operating on the Ukrainian market since 1992 and is one of the largest banks in terms of assets. Since 2005, the bank has belonged to Austrian international financial group Raiffeisen Bank International.
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