OREANDA-NEWS. On 03 September 2009 was announced, that Raiffeisen International CEO Walter Rothensteiner said yesterday that even though he expects defaults on loans in Ukraine to reach as much as 10%, a pull out of markets like Ukraine or Romania is unthinkiable, Reuters reported. Rothensteiner said that out of EUR 5.0 bln invested in Ukraine, he expects to get back EUR 4.5 bln. Raiffeisen International is the majority owner of Raiffeisen Bank Aval (BAVL).

Concorde Capital: This news, most likely, has been already taken into account by the market as a few days earlier Raiffeisen International already expressed its intention to increase Raiffeisen Bank Aval’s charter fund by 22%.

Concorde Capital is a full service investment bank operating on the Ukrainian, Russian and CIS markets. In 2007 Concorde Capital’s analytical team was recognized as the Top Team covering Ukraine by Thomson Extel's Pan European Survey. Senior Analyst Alexander Paraschiy was recognized as the Leading Pan-European Investment Analyst – European Emerging Markets. Concorde Capital is a leader when it comes to private placements and M&A deals. Concorde Capital’s sale of a stake in Electron Bank to Volksbank International AG was named the Best Ukrainian M&A deal of the year 2007 by the Adam Smith Institute.