KIEV, July 6 - The European Bank for Reconstruction and Development is considering investing in the share capital of PJSC Raiffeisen Bank Aval (RBA), Ukraine's second largest bank with Western capital, to obtain a significant minor stake.

The EBRD Board of Directors plans to consider the proposal on July 22.

The proposed investment in Raiffeisen Bank Aval "will send a strong positive signal to the market during the period of severe political and economic crisis in Ukraine," the EBRD said in a statement.