History

2007

As part of large-scale rebranding in Nadra Bank were developed and implemented new, integrated products: Autopack «All Inclusive», Personal Loan Pack «We are Ready for Everything», «For My Family» deposits, Loan Pack «Housing Solutions».

Loan pack “Housing Solutions” won an award at All-Ukrainian “Bank of the Year - 2007” Awards in nomination “Hypothecation of the Year” and Autopack “All Inclusive” reached the second place in nomination “Banking Product of the Year”.

Based on voting results among the consumers the Bank won the ranking contest «Ukrainian Brand of the Year - 2007» in nomination «New Image» of «Services» category.

As part of rebranding Nadra Bank changed the look of 100 selling sites according to new style.

Ministry of Health of Ukraine, Nadra Bank and All-Ukrainian Charity Fund «Children’s World» sign Memorandum on cooperation in charity program «Healthy Children in Happy Country ».

Nadra Bank substantially strengthens its position among leading Ukrainian banks: according to the National Bank of Ukraine the Bank belongs to 5 biggest national financial institutions according to such indicators as net profit and total increment of assets.

International ranking agency Moody’s Investors Service improves Nadra Bank’s rating on national scale: depositary rating in national currency – В2/ “Positive”, depositary rating in national currency – Ва3/”Positive”, rating of unsecured liabilities in foreign currency - Ва3/”Positive”, rating on national scale – Аа1.ua/”Positive”, financial strength rating – Е+ with forecast “Positive”.

In 2007 Nadra Bank starts cooperation with international ranking company Standard & Poor’s. In January of 2008 agency assigned Nadra Bank a credit rating “B”. Rating forecast – “Stable”.

Nadra Bank’s rating is confirmed by Fitch Ratings ranking agency: long-term issuer default rating (IDR) “B”, short-term “B”, individual rating “D/E”, back up rating “5” and back up level of long-term IDR “B”. Also Fitch changes its forecast on long-term IDR from «Stable» to «Positive».

Nadra Bank signs credit agreement to draw down a third participation loan from foreign banks for 85 million US dollars. It is the first participation loan in the history of the Bank, which contains a two-year tranche.

Nadra Bank completes floatation of 3-year Eurobonds for 175 million US dollars.

Nadra Bank signs a credit agreement to draw down a fourth participation loan from foreign banks in the amount of 130 million US dollars.

Nadra Bank signs subsidiary credit agreement with OJSC “Ukreximbank” as part of IBRD project “Second project of export development”.

Nadra Bank signs credit agreement with the Ministry of Finance of Ukraine as part of World Bank project “Enlarged Access to Financial Services Markets”, which objective is the development of financial-crediting market infrastructure in the countryside.

2006

Nadra Bank Signs UN Global Treaty and joins international initiative on business’ social responsibility support. The Bank founds All-Ukrainian Charity Fund «Children’s World».

World Bank and the Ministry of Finance of Ukraine approve the participation of OJSC CB «Nadra» in the project « Enlarged Access to Financial Services Markets».

Nadra Bank announces the start of large-scale rebranding, as part of which new integrated programs are implemented - «Welcome!» tariff package and Real Credit Card «45 days of loan with no interests».

Private floatation of Nadra Bank’s shares among foreign investment funds took place. The price of shares based on the results of floatation reached 19 US dollars. Total block of shares, owned by international investment funds, amounts to around 7.7%.

2005

Nadra Bank is placed first under VISA credit cards issue within CIS and Eastern European countries. Start of the restructuring process for organizational structure to facilitate client-oriented bank’s business philosophy and to be in compliance with the best international banking practice. Nadra Bank is the first Ukrainian bank that signed the Credit Guarantee Facility with US EXIM Bank. Debut syndicated (from foreign banks) unsecured loan facility in the amount of US$32 million with the lowest interest rate is recorded in Ukraine. Completion of debut US$ 100 million 3-year Eurobond issue with the lowest spread rate ever mentioned in the history of Ukrainian commercial banks entering the Eurobond market.

The Commodity Credit Corporation (CCC) establishes US$5.3 credit limit OJSB CB Nadra Bank for sales of U.S. agricultural commodities (GSM-102 guarantee program). Completion of the 8th share issue. Thus total capital amounts to US$ 146 mln.

2004

Nadra Bank is a well-known and reliable financial institution cooperating with export credit agencies. It broadens the spectrum for the Ukrainian import financing in line with a growing demand from customers and is approved by Austrian, Belgian, Danish and Dutch ECAs. By the end of the year, the Bank has issued over 2 million electronic cards. A new share issue is been successfully completed.

In 2004, the Bank starts issuing credit cards in partnership with the European Travel Network international discount company (ETN) and DC cosmetics store network (DC-Ukraine). It was the first time the Bank has launched a program for repayment of funds from manufacturers to a Your Money Maestro card.

2003

The Bank's international business increases, as did the number of its credit lines and the number of its trade finance transactions. The Bank collaborated with the German bank AKA Ausfuhrkredit-Gesellschaft m.b.H. (AKA) to provide long-term export finance to Ukraine. The Bank also signs Euler Hermes Credit Facility Agreement with AKA.

Following the successful implementation of the development of the branch network and the regional outlets, the Bank is represented in every Ukrainian oblast and issues about one million electronic cards and. Moody's upgrades the Bank's rating to Ukraine's country rating ceiling of “B2” from “B3” which is accompanied by the country’s sovereign rating.

2002

In 2002, Commerzbank AG and Hermes Insurance Company start working with the Bank on a program for long-term financing of German exports to Ukraine. As part of a diversification of its activities, the Bank obtains a NBU license to import and trade precious metals and Moody's upgrades the Bank's rating to Ukraine's country rating ceiling of “B3” – the highest one for Ukraine. The Bank obtains approvals from German, Italian and Hungarian official export credit agencies and the Export-Import Bank of the USA (USExim). The Bank also becomes the leading Ukrainian bank for EBRD and IBRD credit lines.

The Association of Ukrainian Banks (the AUB) and the members of the Europay International Payment System (EMA), rank the Bank among the top three Ukrainian banks (based on the number of Ukrainian electronic cards issued). The number of the Bank's branches and outlets increases to 152.

2001

The Bank makes a significant breakthrough in the electronic cards market because the number of issued electronic cards exceeds 100,000 and it has over 60 ATMs.

The Bank acquires the right to make QuickPay money transfers via Western Union. The Bank also works on the EBRD micro financing program in Kharkiv and Kyiv. The Bank joins VISA International as a principal member. In the same year, the Bank enters into an agreement with Ria Telecommunications, Inc. for servicing international money transfers through the Ria Envia system, making the Bank one of the leaders in low-cost cross-border fund transfers.

The Bank becomes Ukraine's first financial institution to be assigned “Caa3” long-term credit rating by Moody's in 2001. The Bank continues to develop its international presence further when it was approved by EGAP, the official credit agency of the Czech Republic, and the Black Sea Trade and Development Bank chooses the Bank for its first credit line in Ukraine for pre-export financing. The Bank's expansion into western and southern oblasts continues.

2000

The highest available rating for a business entity domiciled in Ukraine is assigned to the Bank by the international rating agencies, Thomson Financial BankWatch and FITCH IBCA. The Bank expands its regional services by entering into special cooperation agreements with the regional state authorities of the Sumy and Vinnytsya oblasts, which enables the Bank to start servicing various state-owned and municipal companies, institutions and organizations. In the same year the Bank took over two more banks, Kyiv-Pechersk Joint Stock Commercial Bank and Slobozhanschyna Joint Stock Commercial Bank. The Bank also opens a representative office in Budapest, Hungary. The Hungarian Export-Import Bank establishes limits for lending and for confirmation of documentary transactions. The Bank, together with three other Ukrainian banks, becomes a member of the EBRD Trade Facilities Program.

1999

In 1999, the Bank starts to develop its international presence. In an IMF pilot project, the Bank is assigned the highest rating of all the rated Ukrainian banks under the CAMEL system. The Bank becomes a member of the Society for Worldwide Interbank Financial Telecommunications (SWIFT) and begins offering electronic payment services. The Bank also starts issuing Eurocard/MasterCard cards, as a principal member. The Bank joins the group of institutions-partners effecting money transfers within the Western Union International system. In the same year the Bank starts trading in Ukrainian Government foreign currency denominated bonds, a new financial instrument. The Bank was also one of the Ukrainian administrators of the credit lines provided by the European Commission (European Union Project TACIS EDUK 9602).

1993-1998

In 1998, the Bank obtains a credit line from EBRD aimed at supporting SMEs as well as a credit line from IBRD aimed at restructuring the coal mining industry. The Bank also begins to issue American Express electronic cards, as an associate member.

In 1997, the Bank changes its strategic goals entering into new markets and targeting customers from a broader range of industries.

In 1995, the Bank participates in the first merger in the Ukrainian banking industry when it acquired Luhansk Ugleprogress Joint Stock Bank.

On 26 October 1993, the Bank is registered as an open joint stock company commercial bank with the NBU (registry number 205) for an unlimited period of time focusing solely on the coal-mining industry. It also establishes correspondent relations with various foreign banks, including Deutsche Bank Trust Company America, Dresdner Bank AG and Commerzbank AG, which enabled it to conduct settlements in all of the major international currencies.

Last update 17.04.2008