Translated version of this PSD: Ukrainian
Project Description
The EBRD is providing an equity investment in JSC Raiffeisen Bank Aval (RBA), Ukraine’s second-largest western-owned bank, to achieve a significant minority shareholding.
The proposed project alongside the planned capital contribution by the parent – Raiffeisen Bank International (RBI) - will support the RBA’s development strategy and send a strong positive signal to the market during the period of severe political and economic crisis in Ukraine. It will be an important contribution to the recapitalisation of the banking system and will support one of the major international banking groups active in the country.
Transition Impact
This project will send a positive signal of confidence to the market, authorities, and population, which is important in the current crisis environment and difficult outlook for the banking sector and reform agenda. Supporting the continued presence of a strong private player would promote competition and access to finance for the real economy in the context of growing share of state participation in the sector.
The Client
JSC Raiffeisen Bank Aval is an approximately 96 per cent-owned subsidiary of Raiffeisen Bank International AG in Ukraine. RBA, which has around 670 branches across the country, provides services to almost 3 million clients, including individuals, corporates and SMEs. Raiffeisen Bank International AG (RBI) is a fully-consolidated subsidiary of Raiffeisen Zentralbank Österreich Aktiengesellschaft, which owns (indirectly) about 60.7 per cent of RBI’s common stock. RBI’s shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the largest banking group in Austria.
EBRD Finance
Equity investment.
Environmental and social categorisation, impact, and mitigation
Categorised FI. RBA will be required to continue to comply with the EBRD’s Performance Requirements 2 and 9 which includes adherence to the EBRD's Environmental and Social Exclusion and Referral Lists, implementation of the EBRD’s ES Risk Management Procedures for Corporate Loans and submission of annual environmental and social reports to the EBRD.
For Category A projects, this section will need to be updated on an annual basis.
Technical Cooperation
None.
Company Contact
Georg Heinz Lobnig
Director, Capital Planning & Acquisitions, RBI
georg.lobnig@rbinternational.com
Business opportunities
For business opportunities or procurement, contact the client company.
For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com
General enquiries
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com
Public Information Policy (PIP)
The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP
