Saturday, June 25, 2011

The bank Nadra not recognize the entire debt to the SMI

Problem Bank Nadra considers questionable amount of debt in almost a billion hryvnia to the State Mortgage Institution "To date, remains a controversial issue amount of the debt PAO" Nadra "before the SMI, which is currently under consideration in various courts, - the press office of the bank with reference to the temporary administrator Valentin Zhukovsky. Zhukovskaya stresses that the Bank will carry out all undertaken contractual obligations to the SMI, after final review of the dispute by the courts in effect. Recall, head of the SMI Victor Mirgorodskii March 30 said he hoped to return this year, nearly 1 billion USD, which should be the establishment of the bank "Nadra". Nadra Bank in autumn 2010 was able to restructure its debts to foreign creditors, and in the public sector, it remains to negotiate a restructuring of obligations to the SMI. Then the temporary administrator of the bank Zhukovskaya reported that the bank owed the SMI about 760 mln. SMI in 2010 reduced the net profit of 6.75 times compared with 2009 - up to 2.63 million USD. Its net profit amounted to 196.31 million USD, which is 24.08% lower than the previous year. By the end of 2010, the establishment has reduced the amount of current liabilities by almost three times - up to 60.8 million UAH. In this case, the authorized capital of SMI increased by 1.83 times - up to 2,2 billion UAH. In general, including commitments SMI obligations under the bonds are 98.01%, or 3 billion USD. SMI was established by the Government of Ukraine in October 2004. Major activity - refinancing mortgage lenders with funds raised from the placement of securities.

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