Raiffeisen Bank Aval and Ukrsotsbank attract long-term loans from EBRD
14 May 2008
The European Bank of Reconstruction and Development approved on May 12 a USD 125 mln loan for Raiffeien Bank Aval (BAVL: HOLD) (also see our news from May 1) and a USD 65 mln loan for Ukrsotsbank (USCB: BUY). Both loans are long-term and will be spent on expanding the banks’ loan portfolios, in particular mortgage lending.
