Nadra Bank reduces assets by 1.8% in H1
KYIV. July 21 (Interfax) - Kyiv-based Nadra Bank's total assets decreased by 1.8% to 22.485 billion hryvni for the first half of 2011, the bank said in its quarterly financial report.
The report said that bank's loans and client debt went up by 2.3% to 25.105 billion hryvni. The bank formed 5.967 billion hryvni in provisions for securing loans, or 23.8% of the total portfolio (up from 21.1% at the start of the year).
Nadra Bank's net profit in January-June 2011 came to 405,000 hryvni, down 91% year-on-year, net revenue - down 55% to 346.642 million hryvni and net commission revenue - down 90% to 4.642 million hryvni.
The bank's charter capital increased by 900% to 3.89 billion hryvni in the second quarter of 2011. The bank's total equity increased by 730% to 3.98 billion hryvni.
It was earlier reported that, at the start of July, Austria's Centragas Holding GmbH became the biggest shareholder in Nadra Bank with an 89.97% stake. Ukrainian businessmen Dmitry Firtash (90%) and Ivan Fursin (10%) own Centragas Holding.
According to the National Bank of Ukraine, Nadra Bank's total assets on April 1, 2011 made it 12th biggest bank in Ukraine.