Bank Aval Gets New Name.
2 October 2008
Bank Aval (BAVL: HOLD) announced on Friday that as of September 25, it had legally changed its name to Raiffeisen Bank Aval. On August 22, 2005, Austira’s Raiffeisen Group bought 93.5% of Bank Aval for $860m. Alexander Viktorov: Following the announcement we will now be referring to the bank as Raiffeisen Bank Aval (BAVL) in our research.
