Raiffeisen Bank Aval (EBRD) is reportedly to acquire a c. 30% stake in Raiffeisen Bank Aval , the Vienna unit of Raiffeisen Bank International (RBI). The deal will see Raiffeisen Bank International 's stake in the Ukrainian unit fall from 96.2% to around 67% , with the EBRD participating in a capital increase of 0.9446 euros in the unit, boosting its Tier 1 ratio; this capital increase will be subject to shareholder approval on September . Despite the increase, Bank Aval already had a Tier 1 capital ratio exceeding requirements in September , of 6.86% , over the requirement of 4% .
The European Bank for Reconstruction and Development (EBRD) is reportedly to acquire a c. 30% stake in Raiffeisen Bank Aval, the Ukrainian unit of Raiffeisen Bank International (RBI). The deal will see RBI's stake in the Ukrainian unit fall from 96.2% to around 67%, with the EBRD participating in a capital increase of €122m in the unit, boosting its Tier 1 ratio; this capital increase will be subject to shareholder approval on 3rd December. Despite the increase, Bank Aval already had a Tier 1 capital ratio exceeding requirements in September, of 6.86%, over the requirement of 4%.