KIEV, Nov. 25 – The European Bank for Reconstruction and Development is acquiring 30% of Raiffeisen Bank Aval (RBA, Kiev), the EBRD and RBA said in a joint press release.

"Under the agreement signed today in Kiev, EBRD is acquiring 30% equity in RBA," reads the report.

According to the document, the EBRD and Raiffeisen Bank International (RBI) will participate in the increase of Tier 1 capital of RBA by UAH 3.15 billion (EUR 122 million).