Nadra Bank attracts UAH 342mn (USD 42.75mn) subordinate debt.

By bne IntelliNews May 22, 2013

Nadra Bank has raised UAH 342mn (USD 42.75mn) subordinate debt, reads a statement made by the bank. The funds are raised for seven years under the bank's capitalization programme, and will be channelled to the bank's further development, in the first instance for debt financing of the real sector of economy.

As of Apr 1, banks assets amounted to UAH 27.9bn, credits and clients' liabilities stood at UAH 23.2bn, and shareholders' equity at UAH 4bn. Nadra Bank recorded a net profit of UAH 0.416mn in Q1, after posting UAH 1.01mn profit in 2012. In early July 2011, Centragas Holding GmbH (Austria; incorporated in Dmitry Firtash's Group DF) acquired a 89.9% stake in Nadra Bank.

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