OREANDA-NEWS. August 01, 2007. At the end of July, 2007 Open Joint Stock Company Raiffeisen Bank Aval signed the second bilateral facility with Bayerische Landesbank Group (BayernLB), reported the press-centre of Raiffeisen Bank Aval.  

The deal was concluded exactly one year after the first bilateral facility was signed. The amount of the facility is USD 15 million carrying the maturity of one year, the previous deal amounted to USD 30 million with tenor over two years.

Bayern LB was also one of the arrangers of this year's syndicated loan to Raiffeisen Bank Aval, which amounted to USD 500 million and has become a real benchmark for the Ukrainian financial sector with respect to tenor and pricing. This second bilateral facility is considered as another step to improving the long-lasting cooperation between Bayern LB and Raiffeisen Bank Aval.

Raiffeisen Bank Aval, founded in March 1992 as Bank Aval, is the second largest bank in Ukraine in terms of assets and occupies the leading positions on the banking market of Ukraine by a number of core financial indicators. Headquartered in Kiev, Raiffeisen Bank Aval reported total assets of ? 4.78 billion as of March 31, 2007. It is a subsidiary of Raiffeisen International Bank-Holding AG, the holding company of the subsidiaries of Raiffeisen Zentralbank Österreich AG (RZB) in Central and Eastern Europe.

The country-wide branch network of Raiffeisen Bank Aval comprises more than 1,300 business outlets, located in large cities, region and rayon centers, towns of regional subordination and individual villages in all regions of Ukraine. A major part of them are full-function branches, which provide private and corporate clients with a full range of standard and advanced banking services.