OREANDA-NEWS. On 06 August 2009 was announced, that when the half-year moratorium on satisfying demands from its creditors is lifted on August 10, Nadra Bank (NADR) will begin repaying a portion of deposits, the bank's temporary administrator, Valentina Zhukovskaya said yesterday, according to Kommersant. Of the about UAH 8.3 bln owned to depositors, the bank will return about UAH 1.6 bln by end-2009. Zhukovskaya said that this will enable clients to obtain about 20-50% of their deposit amounts.

Concorde Capital: The announcement that the bank will start to repay deposits could mean that negotiations on the bank’s recapitalization by the government are nearing an end. Otherwise, we have doubts that deposits will be returned as promised by Nadra.

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.