EBRD allocates EUR 100 mln to Raiffeisen for Aval

The European Bank for Reconstruction and Development said yesterday that its board of directors approved a total EUR 150 mln loan to Raiffeisen International for its subsidiaries in Ukraine, Romania and Russia. Of the total sum, EUR 100 mln will be directed to Raiffeisen Bank Aval (BAVL), Raiffeisen’s daughter companies in Russia and Romania will each receive EUR 25 mln. Further details of the loan were not disclosed.