OREANDA-NEWS. On 13 August 2009 was announced, that the National Bank of Ukraine's board yesterday approved lowering the discount rate from 11.00% to 10.25% in response to the decline in inflation in July. The rate change will come into effect tomorrow. The NBU last moved the rate on June 15, when it cut it from 12.00% to 11.00%, prior to that the rate had been unchanged since April 2008.

Concorde Capital: In Ukraine, the discount rate has little impact on the broader economy, unlike interbank rates that are virtually unconnected to the central bank's discount rate. The decrease in the rate should lower the NBU's refinancing rate, however refinancing is hardly available to most commercial banks now.

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.