Nadra Bank to Open 100 Branches in 2008

The bank’s CEO Igor Gilenko announced that Nadra Bank (NADR: N/R) intends to expand its network by opening 100 new branches next year, according to Ukrainian News. Currently, the bank operates 670 branches throughout Ukraine. Moreover, Igor Gilenko confirmed Nadra’s plans to conduct either IPO or private placement in 2008. As of November 1, Nadra Bank ranks sixth in Ukraine in terms of assets.