Ukraine’s Nadra Bank Boosts Capital With Subordinated Loan

Ukrainian lender VAT Nadra Bank increased its capital by $22.6 million with a subordinated loan from investors.

Ukraine’s central bank has approved the capital increase, Kiev-based Nadra said in e-mailed statement today.

Nadra was state-managed from February 2009 when it ran out of cash during the global financial crisis. Ukrainian businessman Dmitry Firtash acquired 89.9 percent of the bank’s statutory capital on May 4 this year.

To contact the reporter on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net;

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