Raiffeisen Bank Aval set to receive USD 50 mln loan from IFC
7 July 2008
Raiffeisen Bank Aval (BAVL: BUY) is set to receive a one-year USD 50 mln loan from the International Finance Corporation (IFC) to boost lending for agricultural purposes, the latter announced on Friday. The loan is expected to be approved on August 7. On May 12, the IFC opened a USD 30 mln credit line for Raiffeisen Bank Aval, according to the International Program of Trade Financing.
