OREANDA-NEWS. February 11, 2010. The NBU decided to transfer a part of assets and such liabilities as retail deposits of Nadra Bank (around UAH 7bn each) to Rodovid Bank . Meanwhile, the rest of the assets (by our estimation, they come to about UAH 18bn), which include the bank’s branch network, will remain on the NADRA balance sheet. Note that the moratorium on Nadra Bank deposits return expires on 11 February 2010.

Millennium Capital considers that this decision of the NBU has been approved for the purpose of a rehabilitation of Nadra Bank. To this end, the NBU released NADR from the most urgent liabilities, giving the bank an opportunity to avoid insolvency. Meanwhile, the majority of the remaining NADR’s liabilities constitute loans from other banks and from the NBU (worth UAH 14bn), which may be repaid later.