Bank Nadra denies report it has achieved agreement with investors

Bank Nadra (Kyiv) has not achieved agreement with potential investors regarding their participation in its additional capitalization and denies reports of deals being reached between the investors and the National Bank of Ukraine (NBU), the expert and analytical council, and the government, reads a memorandum on the restructuring the bank's eurobonds announced on Thursday.

Bank Nadra denied reports in the mass media concerning the selection of a private investor.

"The bank cannot confirm the identity of the investor and confirms that there are no agreements between the investor and the NBU, the expert and analytical council, and the government," the document reads.

As reported, the co-owner of Swiss-based gas trader RosUkrEnergo, and owner of Group DF (Austria), Dmytro Firtash, said on May 18, 2010, that he could become an investor in Nadra Bank as early as May or June 2010. He is ready to invest UAH 5 billion on a parity basis with the state.