OREANDA-NEWS. November 05, 2009. The International Financial Corporation (IFC), a member of the World Bank (WB) Group, announced that it would provide subordinated loan of USD 105mn to Raiffeisen Bank Aval < BAVL UZ U/R >. This loan provision is in line with the WB Eastern European Banks Support Program and is aimed at strengthening the BAVL's capital.

Millennium Capital sees the news to be positive for BAVL, since in addition to the charter fund increase (24%) planned for November 2009 - January 2010, this will increase the market capitalization of the bank to above 24%.