The EBRD will invest in Raiffeisen Bank Aval's capital.

Bank AvalThe European Bank for Reconstruction and Development will acquire a stake in Ukraine's Raiffeisen Bank Aval. This was announced in a statement by an EBRD representative.

 

The EBRD Board of Directors is known to have made this decision at a meeting. Earlier, media reports indicated that the EBRD planned to acquire a minority stake in Raiffeisen Bank Aval. The size of the stake was not disclosed, but the EBRD committed to supporting the comprehensive development strategy of the Ukrainian bank Raiffeisen Bank Aval.

 

As an EBRD representative noted, the EBRD's entry into the capital of Raiffeisen Bank Aval should support one of the largest international banking groups operating in Ukraine.

 

As a reminder, 96,4517% of the shares of PJSC Raiffeisen Bank Aval are owned by the Austrian financial group Raiffeisen Bank International AG.

 

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