Nadra Bank could be nationalization by yearend
8 October 2009
Prime Minister Yulia Tymoshenko said yesterday at a press conference that Nadra Bank (NADR) will be nationalized by the end of 2009, Interfax reported. Nationalization is contingent on the bank restructuring its debts. This week it proposed three variants to creditors and said it expects to sign corresponding agreements by November 2 (see our news of October 7). According to the NBU, Nadra has about USD 900 mln in foreign debt.
