EBRD To Grant Aval Bank USD 50 Mln Loan.
31 May 2008
EBRD approved a USD 50 mln loan to Aval Bank (BAVL: HOLD), Ukraine’s second-largest bank in asset terms, which will be used to boost lending to small and medium-sized enterprises. Concorde Capital: The loan will help Aval to offset 6% (USD 186 mln) decrease in customer deposits observed in 1Q06.
