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BEST BANK: Aval Bank

The past year has been a period of immense change in the Ukrainian banking sector, with western European houses turning their attention to the country in their hunger for new assets. This year’s best bank award winner, Aval Bank, has been one of the beneficiaries of this, having been acquired by Raiffeisen International in August and being fully consolidated into the group since October 1 2005.

UBS takes the award for best debt house, having arranged a total of six Eurobonds for the country’s borrowers during the 12-month period. These included the very well received and tightly priced deal for Ukreximbank last September, and the sovereign’s debut 144A transaction in October. Standard Bank also enjoyed an impressive year in the syndicated loan markets, topping mandated lead arranger league tables.

With the Russian IPO boom now a reality, attention is turning to Ukraine’s potential.

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