OREANDA-NEWS. On 26 August 2009 was announced, that the National Bank of Ukraine reported on Friday that the volume of problem loans held by Ukrainian banks reached 6.2% in August. Since the beginning of the year, the volume of problem loans has expanded 2.6x.

Concorde Capital: We estimate the actual level of problem loans with Ukrainian banks is two to three times higher than the NBU reports although, in our view, the steep upward movement in this indicator accurately reflects reality.

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.