Bank "Nadra": reviews of investors. What happens to the bank "Nadra"

In October 1993, the NBU registered a new credit institution - the bank "Nadra". Initially, he specialized in the coal industry. More than 9000 employees were employed in ZAO Nadra Bank. Branches located in all major cities of Ukraine, served more than 1.5 million customers. In the best of times the network of the institution included 700 branches in different cities, 1000 ATMs and 4,500 terminals. The Nadra Bank card was almost the most prestigious payment instrument. After 2011, the rating of the organization began to decline. More details about what happens to the bank "Nadra" now, read in this article.

The services

Nadra Bank (Ukraine) offered its customers a large range of products. Among the unique - tariff packages, which included all the elements necessary for the effective use of funds: from current accounts to payment cards. For clients of small and medium-sized businesses, in addition, various credit lines were provided, as well as servicing of deposits opened with CJSC "Nadra Bank", "client-bank" for managing funds.

For individuals, whole sets of services have been formed.

Package "First" - the cheapest with a minimum set of features:

- Make deposits in any currency for any period;

- open accumulative accounts;

- make payments through the cashier with a minimum commission;

- use "client-bank" for remote account management;

- Set up duplicate operations.

Within the framework of the "Free Money" package, the customer could already connect SMS-information, withdraw funds from the card without commission and accumulate money on the deposit when calculating in the outlets with a credit card. "Family" provides access to the same services, but on more favorable terms: an increased interest rate on a savings deposit, more loyal conditions for credit processing, etc. Having issued a package "Social", pensioners got access to the current account and attached to It's free. Specially for VIP clients Gold and Platinum programs were developed, within the framework of which the client received individual service and an additional set of advantages.

Achievements

The institution participated in the financing program established by the EBRD. The main shareholder since 2011 was Centragas Holding GmbH (89.97%). In order to increase the value of assets, several funds were established that specialize in investments. The rate of return IRR was at 25%. The average term of the deposit was 4.5 years. Also, the crediting company "Dogmat Ukraine" was established; Leasing center "Evrofinance" and IC "Investservice". All of them functioned outside the bank, but actively cooperated with the organization in the cross-selling of products.

Financial indicators

As a result of the third quarter of 2014, the institution failed to comply with a number of regulatory requirements of the NBU. The indicator of current liquidity decreased to 20.87% with the required 40%. The maximum volume of risk on the counterparty was 28.65% (standard - 25%). People began to take large amounts of Nadra Bank deposits. This led to a deterioration in the quality of assets. For 3 quarters of 2014 the volume of deposits decreased by 1 billion UAH. Although the real outflow was even greater: due to the devaluation of the hryvnia, deposits in currency grew.

Re-capitalization

"Nadra Bank" (Kiev) was included in the list of institutions to which the NBU authorized not to return debts to maintain liquidity. Specifically, this institution in September was supposed to pay the regulator an amount of 900 million UAH. The payment term was postponed until December 2014. The problems in the credit institution are also confirmed by the fact that at the end of June the bank appealed to the holders of Eurobonds with a proposal to restructure the debt. The loan amount was $ 59.66 million with maturity in June 2017.

Nadra Bank (Ukraine) already lacked funds during the crisis of 2009. Then the NBU entered the institution of the provisional administration and supported the activities of the bank, until there was a new investor - Centragas Holding GmbH. The maturity of the old debt was due in 2016. But, according to unofficial data, the bank not only did not start repaying the loan, but also got on the list for the next capitalization in 2014.

Attempt number two

On February 6, 2015, the Individual Deposits Guarantee Fund (FGVFL) introduced the temporary administration in Nadra Bank (Kyiv), and a week before that, the Pension Fund chose an institution to pay benefits to Ukrainians. The NBU explained that due to undercapitalization of the bank for the requirements of stress tests, the institution was declared insolvent. Most of the deposits (99%) do not exceed the amount of 200 thousand UAH. These loans must be paid off by the FGVFL after the temporary administration in Nadra Bank has been introduced. Customer feedback on the forums confirms that this process is taking place with periodic success. Only 1% of investors have savings in the amount exceeding 200 thousand UAH. Such customers can split their contribution into several and get the funds in full. The total amount of payments will be more than 3.5 billion UAH.

What is the reason

The NBU explains that the bank has not yet coped with the crisis of 2009. Neither new investors nor attempts by managers to stabilize the situation have helped. And an expert analysis of capitalization plans showed that the institution will continue to generate losses. Therefore, it was decided to introduce an interim administration. The former management (until 2009) issued loans without collateral. The paper seems to be decorated correctly. But there is no reserve as such in the form of assets. To cover the current debts, a reserve will be used, formed already at Firtash.

Bank "Nadra": reviews

The worsening of the financial condition affected not only the depositors, but also the employees of the institution. To a hundred times a day to explain to people how to receive a deposit through FGVFL, as well as to listen to comments from dissatisfied people, one must have strong nerves.

Problems in customer service began at a time when Nadra bank was functioning consistently. Feedback from people on the forums confirm that there have been intermittent failures in the online banking system. The money did not reach the necessary requisites, and they had to search long. A part of the indignation was expressed towards the unkind behavior of the employees of the department. But this problem is not new and is found in many institutions.

The Ukrainians became more active after the temporary administration was introduced into the bank "Nadra". Comments on the forums contain both an offer to sell a deposit for a hryvnia, and tips on how to transfer funds to another institution. In particular, in the latter case, it is necessary to write a power of attorney in which to indicate that the financial institution can receive client money, including from FGVFL, and provide this paper to Nadra a few days prior to payment.

For savings - in court

Due to the prolonged financial crisis, people began to take deposits in large numbers. Strong decrease of liquidity and worsening of assets condition leads to the introduction of temporary administration into the bank. Under the law, from now on, FGVFL must deal with the return of funds to customers. It takes a long time to compile the registers. Many are trying to get money back through the court. Now the probability of making a positive decision is even higher. The Supreme Court ordered financial institutions to pay money not only for the period of use of the deposit, but also for the period that passed after the termination of the contract.

Respondent for several such claims was the bank "Nadra". The testimonials of customers who have tried this scheme show that the court decision is not made in favor of the credit institution. But this step should be taken only if the amount of the deposit exceeds the guaranteed by the fund. Otherwise, legal costs can cover the amount of the deposit. But this concerns only the violation of the terms of payment. Another thing - the issuance of a dollar deposit in the hryvnia. The law prescribes that in such a case the money is paid in national currency at the NBU rate on the day of license revocation. This is exactly what happens to the bank "Nadra". The license was withdrawn 06.02.15. The official rate at that time was about 18-19 UAH / USD, and on the interbank market - 23-25 UAH. The difference is colossal, especially if the deposit amount is several thousand. E. Dissatisfied investors tried to challenge such a decision through the court, but there is no result yet.

Liquidation of a bank

In April 2015, the NBU decided to withdraw Nadra Bank from the market. The first payments were already in May 2015. From 12.06.2015 the second stage of deposit refund begins. It will last until July 23, 2015. The funds will be paid through Raiffeisen Bank Aval. The decision to refund the deposit to persons who do not apply to the agent at the appointed time will be considered individually after that date. The NBU allocated one year for the processing of documents for the liquidation of the Nadra bank (until July 2016).

Conclusion

Ten years ago, Nadra Bank was one of the largest credit institutions in the country. "Client-Bank", current, deposit, card, salary accounts, insurance, leasing - this is only a small list of services that the financial institution provided to the public. During the crisis of 2008-2009 , the bank required additional capitalization. Then it was bought by Centragas Holding GmbH. But the measures taken to restore the financial condition was not enough. In February 2015, the bank introduced a temporary administration. A financial analysis showed that sanitizing the bank does not make sense. Therefore, it was decided to eliminate it. The first payments to depositors have already passed. The second wave is scheduled for the period from 12.06.2015 to 23.07.2015.