Raiffeisen Bank Aval, one of the largest banks, has selected Bayerische Landesbank (Germany), Bank of Tokyo Mitsubishi UFJ (Japan), HSBC Bank (Great Britain), and Standard Bank (Great Britain) as organizers of a syndicated loan worth USD 100 million.
Photo Gallery
 Volodymyr Lavrenchuk - Chairman of the Board of Directors at Raiffeisen Bank Aval
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 Volodymyr Lavrenchuk - Chairman of the Board of Directors at Raiffeisen Bank Aval
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 Volodymyr Lavrenchuk - Chairman of the Board of Directors at Raiffeisen Bank Aval
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 Volodymyr Lavrenchuk - Chairman of the Board of Directors at Raiffeisen Bank Aval
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 Volodymyr Lavrenchuk - Chairman of the Board of Directors at Raiffeisen Bank Aval
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 Tomas Fiala - Managing Director of the Dragon Capital Company
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 Tomas Fiala - Managing Director of the Dragon Capital Company
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 Tomas Fiala - Managing Director of the Dragon Capital Company
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 Tomas Fiala - Managing Director of the Dragon Capital Company
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 Tomas Fiala - Managing Director of the Dragon Capital Company
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 Denys Moschenko - ParexAsset Management
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 Denys Moschenko - ParexAsset Management
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 Ihor Lyashenko - President of the Ekonomika Publishing House
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 - Kamil Guretskyi - Director General of the PZU Insurance of Life group
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Viktoria Masna, head of the department for relations with financial institutions at Raiffeisen Bank Aval, said this to Ukrainian News.
The organizers of the syndicated loan are the same financial institutions who organized another syndicated loan for the bank in November 2007 worth USD 200 million. The only substitution is Standard Bank (Great Britain) in place of Intesa Sanpaolo (Italy), she said.
"Instead of Intesa Sanpaolo there will be Standard Bank," she said.
According to Lavrenchuk, the deal will be concluded within the next few days.
"We're going to conclude it soon," he said.
The chairman also stressed that supply exceeded demand for these funds.
Lavrenchuk didn't say whether credit sum would be changed.
As Ukrainian News earlier reported, as of April 1, 2008, Raiffeisen Bank Aval net assets were estimated at UAH 47 114,1 million, credit portfolio was estimated at UAH 39,065.5 million and capital was estimated at UAH 5,463.5 million.
The bank ended January-March 2008 with a net profit of UAH 335.578 million and 2007 with a net profit of UAH 587.424 million.
95.68% stake in the financial institution belongs to Austrian Raiffeisen International Bank Holding AG company.