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Nadra administrators trying to get depositors to accept collateral
Journal Staff Report

KIEV, March 5 – The provisional administration at Kiev-based Nadra Bank has proposed that depositors whose deposits have expired accept in place the bank's collateralized property.

"The bank proposes to clients whose deposits have expired, and who want to access their funds now, to replace their deposits with the bank's collateralized property: apartments, land plots, cars, the owners of which have asked the bank for help to sell them due to their inability to repay credits. The apartments offered by the bank are from the primary and secondary market," reads the Nadra report.

The bank also gives clients the possibility to re-register their deposits for the period up to the moment when the moratorium on the early return of deposits expires, or to pay off credits using deposits. The credit would be paid off without fines having to be paid, reads the report.




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