Cabinet of Ministers of Ukraine may be formally involved in the negotiations with creditors of problem bank Nadra (Kiev), to expedite the preparation of financial institutions to recapitalize due to budgetary funds, said Acting Head of Finance Igor Umansky.
We want to become a party to the negotiation process with external and domestic creditors. Unfortunately, without this we can not take any decision. zakidyvanie This claim is in our favor. The question is not, we are ready to implement this job - he said the agency Interfax-Ukraine .
I think soon we will be able to become a party to the negotiation process and work. The President of Ukraine constantly accuse us, that to the bank Nadra , nothing happens, but unfortunately, we are now in the process does not formally have no relation - he added.
It was reported that the restructuring of external debts of the bank Nadra is a fundamental condition for the government to begin the process of recapitalization finuchrezhdeniya: the authorities seek to avoid the transfer of debts to the State Bank.
According to the Ministry of Finance, by July, the total external debt of the bank Nadra exceeded $ 870 million in external list of creditors includes more than 100 international companies, banks and funds from 20 countries worldwide. The most famous of them - Cargill (USA), Rosemount Global Trade Finance Fund (United States), Commerzbank AG (Germany), Standard Bank (UK), Fortis (Netherlands).
of temporary administrator of the bank Nadra Valentina Zhukovskiy clients finuchrezhdeniya, which referred to the agency Interfax-Ukraine on Thursday, noted that the restructuring of the external obligations of the Bank is held in accordance with international practice in several stages.
Now professionals international company Ernst Young conducted the audit of Nadra Bank. Upon completion of the audit and the preliminary talks would set the final position of parties involved in the process, conducted the final negotiations and signed the relevant agreements. Thus, Nadra Bank to fulfill the basic requirement of government in matters recapitalize the state or attract a new investor, - stated in the appeal.
There are also reminded created in July Coordinating Committee, which included representatives from the seven largest creditors of the bank. Its main objective - to represent the interests of foreign creditors in the negotiation process with the bank.
The Transitional Administrator
Bank also notes that the bank still shows capacity: a management team of the bank has full control of the situation and confident in the ability of the deposits from the proceeds of the repayment of loans.
Today we can say that most of the difficult path is over. Not only ours, but according to experts, by the end of this year's Nadra Bank is able to fully reach the normal activity, - stated in the appeal.
It also notes that, according to the program for the payment of deposits, with the 10 August to receive deposits all clients of the Bank Nadra with the amount of deposits of up to 50 ths, and in September - all clients with the amount of deposits from 50 thousand . up to 150 ths. Customers with deposits of 150 thousand to 500 thousand UAH in stages - by December 2009 - will also be able to gain access to their funds. In doing so, customers will receive from 20% to 50% of the amount of contribution, depending on the amount of the deposit, followed by gradual obtaining balance.
By the end of 2009, this program will enable about 85% of the bank depositors with the amount of deposit portfolio of about 5 billion UAH to gain access to their funds. This bank will be paid about 1.6 billion UAH, - emphasized in treatment.
Bank Nadra was founded in 1993. By early July 2009 of its largest shareholders were Novartik Trading Limited (60,9967%), and Manmade Enterprises Limited (both - Cyprus, 30.7406%). At the same time, 51% of the shares in the bank Nadra is in pledge for loans made to him in 2007, amounting to some $ 60 million, the maturity of which has already occurred. In the case of loans outstanding shares of the Bank must move to the ownership of the creditor: the dispute between the parties is seen in the London court.
From 10 February, the bank operates a temporary administration of the National Bank of Ukraine.
According to the NBU on 1 April 2009 to total assets (UAH 28.073 billion) bank Nadra took 10 th place among 182 operating banks.
Cabinet of Ministers of Ukraine may be involved in negotiations with creditors Bank Nadra
Cabinet of Ministers of Ukraine may be formally involved in the negotiations with creditors of problem bank Nadra (Kiev), to expedite the preparation of financial institutions to recapitalize due to budgetary funds, said Acting Head of Finance Igor Umansky.
We want to become a party to the negotiation process with external and domestic creditors. Unfortunately, without this we can not take any decision. zakidyvanie This claim is in our favor. The question is not, we are ready to implement this job - he said the agency Interfax-Ukraine .
I think soon we will be able to become a party to the negotiation process and work. The President of Ukraine constantly accuse us, that to the bank Nadra , nothing happens, but unfortunately, we are now in the process does not formally have no relation - he added.
It was reported that the restructuring of external debts of the bank Nadra is a fundamental condition for the government to begin the process of recapitalization finuchrezhdeniya: the authorities seek to avoid the transfer of debts to the State Bank.
According to the Ministry of Finance, by July, the total external debt of the bank Nadra exceeded $ 870 million in external list of creditors includes more than 100 international companies, banks and funds from 20 countries worldwide. The most famous of them - Cargill (USA), Rosemount Global Trade Finance Fund (United States), Commerzbank AG (Germany), Standard Bank (UK), Fortis (Netherlands).
of temporary administrator of the bank Nadra Valentina Zhukovskiy clients finuchrezhdeniya, which referred to the agency Interfax-Ukraine on Thursday, noted that the restructuring of the external obligations of the Bank is held in accordance with international practice in several stages.
Now professionals international company Ernst Young conducted the audit of Nadra Bank. Upon completion of the audit and the preliminary talks would set the final position of parties involved in the process, conducted the final negotiations and signed the relevant agreements. Thus, Nadra Bank to fulfill the basic requirement of government in matters recapitalize the state or attract a new investor, - stated in the appeal.
There are also reminded created in July Coordinating Committee, which included representatives from the seven largest creditors of the bank. Its main objective - to represent the interests of foreign creditors in the negotiation process with the bank.
The Transitional Administrator
Bank also notes that the bank still shows capacity: a management team of the bank has full control of the situation and confident in the ability of the deposits from the proceeds of the repayment of loans.
Today we can say that most of the difficult path is over. Not only ours, but according to experts, by the end of this year's Nadra Bank is able to fully reach the normal activity, - stated in the appeal.
It also notes that, according to the program for the payment of deposits, with the 10 August to receive deposits all clients of the Bank Nadra with the amount of deposits of up to 50 ths, and in September - all clients with the amount of deposits from 50 thousand . up to 150 ths. Customers with deposits of 150 thousand to 500 thousand UAH in stages - by December 2009 - will also be able to gain access to their funds. In doing so, customers will receive from 20% to 50% of the amount of contribution, depending on the amount of the deposit, followed by gradual obtaining balance.
By the end of 2009, this program will enable about 85% of the bank depositors with the amount of deposit portfolio of about 5 billion UAH to gain access to their funds. This bank will be paid about 1.6 billion UAH, - emphasized in treatment.
Bank Nadra was founded in 1993. By early July 2009 of its largest shareholders were Novartik Trading Limited (60,9967%), and Manmade Enterprises Limited (both - Cyprus, 30.7406%). At the same time, 51% of the shares in the bank Nadra is in pledge for loans made to him in 2007, amounting to some $ 60 million, the maturity of which has already occurred. In the case of loans outstanding shares of the Bank must move to the ownership of the creditor: the dispute between the parties is seen in the London court.
From 10 February, the bank operates a temporary administration of the National Bank of Ukraine.
According to the NBU on 1 April 2009 to total assets (UAH 28.073 billion) bank Nadra took 10 th place among 182 operating banks.
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