MOSCOW, Nov. 3 - International Finance Corporation, the investment arm of the World Bank, has announced plans to provide a $105 million subordinated loan to Raiffeisen Bank Aval (Kiev).

The loan is being provided under a joint action plan between the World Bank, European Bank for Reconstruction and Development and European Investment Bank to support the banking system in Eastern Europe.

The investment will shore up Raiffeisen Bank Aval capital during the crisis period.