OREANDA-NEWS. On 14 August 2009 the National Bank of Ukraine announced that it lowered its refinancing rate on overnight loans guaranteed by government bonds from 16.0% to 15.5%, and without guarantees from 18.0% to 17.0%. The new rate will took effect August 12.

Concorde Capital: as we predicted in our news comment, the move follows a decrease in the NBU's discount rate from 11% to 10.25%. Meanwhile, central bank refinancing remains hardly accessible for commercial banks, hence we do not expect that the cuts in the refinancing rates will substantially improve the situation in Ukraine’s banking sector.

Concorde Capital is a full service investment bank operating on the Ukrainian, Russian and CIS markets. In 2007 Concorde Capital’s analytical team was recognized as the Top Team covering Ukraine by Thomson Extel's Pan European Survey. Senior Analyst Alexander Paraschiy was recognized as the Leading Pan-European Investment Analyst – European Emerging Markets. Concorde Capital is a leader when it comes to private placements and M&A deals. Concorde Capital’s sale of a stake in Electron Bank to Volksbank International AG was named the Best Ukrainian M&A deal of the year 2007 by the Adam Smith Institute.