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EBRD to Become 30 Per Cent Shareholder in Raiffeisen Bank Aval
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The European Bank for Reconstruction and Development (EBRD) is about to become a 30 per cent shareholder in Raiffeisen Bank Aval JSC (RBA), a leading universal bank in Ukraine and a subsidiary of Raiffeisen Bank International AG (RBI), under an agreement signed in Kiev today.
Left to right: Nick Tesseyman (EBRD), Martin Grüll (RBI), Vladimir Lavrenchuk (Raiffeisen Bank Aval) / Picture: © Raiffeisen Bank Aval
The transaction to be concluded with the EBRD includes its participating in a UAH 3.15 billion (EUR 122 million) capital increase in RBA, which will boost the bank’s Tier 1 ratio. The capital increase is subject to approval of a general meeting by RBA’s existing shareholders on 3 December. As a result of the transaction, the EBRD will hold 30 per cent of RBA’s total…
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