Raiffeisen Bank Aval Could Receive USD 125 mln in Loans from the EBRD
1 May 2008
Raiffeisen Bank Aval (BAVL: HOLD) will likely receive a USD 125 mln loan from the European Bank of Reconstruction and Development, the latter announced yesterday. The total sum includes a ten-year subordinated loan of USD 75 mln and a seven-year loan of USD 50 mln to expand the bank’s mortgage portfolio. The EBRD Board of Directors will consider the issue at their meeting on May 12.
