Raiffeisen Bank Aval changed its name yesterday to Raiffeisen Bank,

the largely Austrian-owned bank said yesterday. “The name of the bank should be simpler, like everything for our clients,” said Board Chairman Oleksandr Pysaruk. In connection with the renaming, the bank said there is no need to contact branches, reissue cards or reissue documents. Founded in 1992, the bank is primarily owned by Vienna’s Raiffeisen Bank International with 68.27% of shares, and the EBRD, with 30%. Ukraine’s largest foreign-owned bank, Raiffeisen has $4.4 billion in assets, 393 branches, 1,800 ATMs, and 2.6 million customers.