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 | Social ResponsibilityRaiffeisen Bank Aval’s Corporate Social ResponsibilityDuring 2007, Raiffeisen Bank Aval continued its charity and sponsorship activities by supporting socially important projects and providing assistance to those who need it.
The Bank’s charitable projects focus on providing assistance to charities supporting child’s institutions and healthcare facilities, veteran organisations, institutions for the elderly and the disabled. Apart from that, the Bank regularly provides focused charitable aid to healthcare institutions, preschools and schools, orphanages, social security inst³tutions, NGOs, local authorities, etc.
Raiffeisen Bank Aval also does its best to accommodate individual requests for assistance, in the first place those made by WWII veterans, Afghan war veterans, disabled and elderly people, orphans.
The largest projects sponsored by Raiffeisen Bank Aval during 2007 included the renovation of the Transcarpathian regional hospital for children in Mukacheve and procurement of equipment for its infectious diseases ward as well as building and equipping a playground for children in Ivano-Frankivsk.
The Bank is also committed to providing social protection to orphans and disabled children. During 2007, the Bank donated money to support two projects initiated by Saint Mary’s International Charitable Foundation: a charitable tour around dozens of orphanages and boarding schools, charitable gala concert Easter Bells for orphans and disabled children at the Ukrainian House, and all-Ukrainian arts contest among boarding schoolgirls Snow Maiden 2007. The Bank also sponsored the campaign Ukraine's Children Have a Future initiated by the Ministry of Family, Youth and Sport of Ukraine.
Raiffeisen Bank Aval also promotes Ukraine’s science and education. In 2007, the Bank sponsored an education project for orphans launched by the Children’s Friends charity, provided university scholarships to talented students — orphans as initiated by the Brotherhood of Orphans charity, sponsored internships for young Ukrainian doctors in Austria, organized by an American-Austrian Foundation based in Salzburg (Austria), etc. The Bank also continued to support students and teachers of the Kyiv National Economic University (KNEU) and the National University "Kyiv-Mohyla Academy"(NaUKMA) by sponsoring Vadim Hetman scholarships for best students and monthly grants for teachers. Based on a contest held among students majoring in economics, the Bank awarded three scholarships to KNEU students. In November 2007, three grants were awarded to teachers and one scholarship to a student of NaUKMA.
Throughout the year, the Bank contributed to resolving healthcare and social protection challenges for public benefit. The Bank consistently sponsored the Food of Life charity to help procure food for their charitable canteen, contributed to programmes delivered by the Garant charity to help the poor, and provided financial support to a project involving procurement of equipment to treat cancer in women through the Woman’s Health charitable foundation, and sponsored a trip for the Vizerunki band of poor-sighted singers to a song contest in the town of Kerch (Crimea) organised by Ukraine’s Association of the Blind, etc.
Raiffeisen Bank Aval is also committed to spiritual development of the young generation: in 2007 the bank sponsored the publication of Sunny Malvia, a literary miscellany for children and a release of DVDs with Ukrainian fairy tales, which were delivered to orphanages and boarding schools.
The Bank also frequently provides charitable assistance to healthcare facilities, schools and preschool institutions in the form of computer and office hardware. In 2007, the Bank purchased hardware for village schools in the Kyiv and Cherkassy regions, Kyiv National University of Technology and Design, Inter-regional High Communication College in Kyiv, Kyiv Optics and Mechanics College, Kyiv City Central TB Dispensary, specialised kindergarten (Kyiv), the Dzvinochok training centre (Kyiv), several village councils in the Kyiv region, etc.
Actively involved in charitable activities was not only the Bank's Head Office but also its regional directorates. For example: the Odessa Regional Directorate supported Orphanage No. 9 of Odessa City by organising a New Year's celebration for children; the Mykolayiv Regional Directorate initiated an award for talented children of School No.22 of Mykolayiv City; the Lugansk Regional Directorate sponsored the Renaissance Centre for Early Social Rehabilitation of Disabled Children. The Lviv Regional Directorate continued sponsoring the National Maria Zankovetska Theatre and participated in the charitable Auction of Hope, the proceeds were used to procure equipment for infant treatment. The Ivano-Frankivsk RD helped to build several playgrounds; the Donetsk RD sponsored the Children's Fund of Ukraine to procure clothes and footwear for orphans; Poltava RD continued its assistance to the Poltava Arts Museum; Kherson RD went on sponsoring the Shevchenko Boarding School.
During the year, Raiffeisen Bank Aval also sponsored a number of major projects. The Bank focused on long-term sponsorship projects aimed at promoting Ukrainian culture, arts, education, science and sports.
The most prominent projects sponsored by the Bank during 2007 include: Face of New Opera concert tour organised by the Volodymyr Gryshko Arts Foundation, Dreamland international folklore festival initiated by popular Ukrainian musician and singer Oleg Skrypka, a joint concert by the German Schiller band and Ukraine’s Alexander Fokin's Radio Band, the fourth International Culture and Arts Festival Salt Symphony at Soledar, Donetsk region. In addition, Raiffeisen Bank Aval continues to support the Ivan Franko National Academic Drama Theatre remaining its title sponsor. During 2008, the Bank plans to take part in several major sponsorship and philanthropy projects. One of the Bank’s values is We Care about People’s Needs. This will become the motto for our charity and sponsorship activities for the coming years.
The Bank’s Charitable and Sponsorship Activities in 2007The Bank continued its sponsorship and charitable projects in 2007 in ways that management looks to as a valuable contribution to sustaining the acceptance of Raiffeisen Bank Aval by the Ukrainian public by supporting socially significant projects and providing assistance to the needy. According to the Charity and Sponsorship Guide of Raiffeisen Bank Aval, the Bank’s guidelines for charitable support are as follows: helping charitable organizations which support children’s and medical institutions, veteran’s organizations, and social organizations that provide care for aged people and the disabled. Furthermore, the Bank provides regular, direct charitable assistance to health care and social institutions as well as schools and preschools, public organizations, local authorities and the like. Raiffeisen Bank Aval also strives to satisfy charitable requests coming from private individuals, first and foremost veterans of the Great Patriotic and Afghan Wars, former employees of the Bank, disabled individuals, children who have been orphaned, and the elderly. During the first three quarters of 2007, the Bank supported 250 charity and sponsorship projects in an amount totaling about UAH 2.4 million. Among the charity projects supported by the Bank, are the following: a charity tour of dozens of children’s homes and boarding schools, organized by St. Mary’s International Charitable Foundation; an educational project for orphans of the "Priyateli Detey" ("Children’s Friends") Charitable Foundation; a charity project "Ukraine’s Children Have the Future", initiated by the Ministry of Family, Youth and Sports; equipping a children’s playground in the center of Ivano-Frankivsk; a financial aid to the charitable fund "Food of the Life" for purchasing food for a charitable cafe; targeted charity programs of protection of the needy, realized by the all-Ukrainian charitable fund "Guarantor"; joint support with Raiffeisen International of an internship program in Austria for young physicians from Ukraine and other CEE countries, initiated by an American-Austrian foundation in Salzburg, Austria; payment for university education of some talented students-orphans on the initiative of the public and youth organization "The Brotherhood of Orphans"; contribution to the purchase of the equipment for women suffering from cancer via the charitable fund "Woman’s Health"; financing a trip of poor-sighted participants of the band "Vizerunky" to a contest in Kerch, organized by the Ukrainian Society of the Blind; financial support of the edition of the child’s literary almanac "Sunny Malvia" for distribution to children’s homes and boarding schools, and numerous other similar projects. In addition, Raiffeisen Bank Aval provides regular charitable aid to medical, educational and preschool institutions in the form of computer equipment. In 2007, the Bank supplied computer equipment to three village schools in the Kyiv oblast, to the Kyiv National Technology and Design University, the Kyiv City Anti-Tuberculosis Center, a specialized kindergarten, and many others. The volume of the Bank’s financing of charity and sponsorship projects is steadily growing. During the first quarter of 2007, the Bank’s direct charitable and sponsorship support totaled about UAH 500,000. From April until July 2007, the Bank-financed charitable and sponsorship projects in the head office and regions amounted to almost UAH 850,000, while in the third quarter the size of the Bank’s charity and sponsorship financing reached nearly UAH 1,000,000. Long-term projects contributing to the development of Ukrainian culture, arts, education, science and sports, are top priorities of the Bank’s sponsorship. Among cultural projects, supported by the Bank in 2007, of special note are a concert tour around Ukraine "Face of the New Opera", organized by Volodymyr Gryshko’s Arts Foundation; the 4th International Folklore Fest "Krayina Mriy" ("The Dreamland"), and a release of CDs "Musical Masterpieces of Ukraine", initiated by a well-known Ukrainian musician and singer Oleg Skrypka; a joint concert of the German Schiller band and the Ukrainian Radio Band of Olexander Fokin State Orchestra; the 4th International Culture and Art Festival "Salt Symphony" in Soledar, Donetsk regions and others. . | Useful linksCore Perfomances of the Bank*
* in compliance with the Ukrainian accounting standards and NBU’s requirements Exchange rates *
* update at 30.07.2010
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