Nadra Bank ( uk, Надра Банк) was one of the largest

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

Ukraine Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian inv ...

. It was founded in October 1993, and had its headquarters in

Kyiv Kyiv, also spelled Kiev, is the capital and most populous city of Ukraine. It is in north-central Ukraine along the Dnieper, Dnieper River. As of 1 January 2021, its population was 2,962,180, making Kyiv the List of European cities by populat ...

. The Bank ranked among the largest banks in its category according to the classification of the

National Bank of Ukraine National Bank of Ukraine ( uk, Національний банк України) or NBU ( uk, НБУ) is the central bank of Ukraine – a government body responsible for unified state policy in the field of country's monetary circulation, includ ...

and operated a network of 543 outlets throughout Ukraine. Nadra Bank was one of the three of top-20 Ukrainian banks which went into

receivership In law, receivership is a situation in which an institution or enterprise is held by a receiver—a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights"—especially in ca ...

during the downturn of 2008–09. Temporary administration at Nadra Bank (introduced in February 2009), was withdrawn in August 2011 with a new strategic investor,

Dmytro Firtash Dmytro Vasylovych Firtash ( uk, Дмитро́ Васи́льович Фі́рташ; born 2 May 1965) is a Ukrainian businessman who heads the board of directors of Group DF. He was highly influential during the Yuschenko administration and th ...

, acquiring an 89.97% stake and injecting ₴ 3.5bn ($440m) of capital. The

government A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...

did not participate in recapitalizing Nadra. The bank was declared insolvent in February 2015. On 4 June 2015 the

revoked its

banking license A banking licence is a legal prerequisite for a financial institution that wants to carry on a banking business. Under the laws of most jurisdictions, a business is not permitted to carry words like a ''bank'', ''insurance'', ''national'' in th ...

and liquidated the bank.NBU decides to liquidate Bank Nadra

Interfax-Ukraine The Interfax-Ukraine ( uk, Інтерфакс-Україна) is a Kyiv-based Ukraine, Ukrainian independent news agency founded in 1992. The company does not belong to the Russian news corporation Interfax Information Services. The company pub ...

(5 June 2015)

References

External links

Official website
Defunct banks of Ukraine Ukrainian companies established in 1993 Banks established in 1993 Banks disestablished in 2015 2015 disestablishments in Ukraine {{Ukraine-company-stub

See also

References

External links