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). RBI’s stake in Bank Aval will fall to around 67 percent from 96.2 percent, though the exact percentages hinge on the extent to which Aval’s independent shareholders take part in the share issue. According to Reuters, RBI, which has been under pressure from its Russian parent since it was revealed that some of its clients had ties with organized crime, will pay €500 million ($615.6 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). According to Reuters, RBI, which has been under pressure from its Russian parent since it was revealed that some of its clients had ties with organized crime, will pay €500 million ($615.6 Despite the increase, Bank Aval already had a Tier 1 capital ratio exceeding requirements in September, of 6.86%, over the requirement of 4%.