The European Bank for Reconstruction and Development (EBRD) is considering buying into Public Joint Stock Company Raiffeisen Bank Aval (UKR:BAVL) on July 22, 2015 reads a statement made by the EBRD. For its part, the EBRD insists that the "project will send a positive signal of confidence to the market, authorities, and population, which is important in the current crisis environment and difficult outlook for the banking sector and reform agenda.