The Head of the National Bank of Ukraine (NBU) Valeriya Hontareva states that the nationalized PrivatBank needs to be recapitalized. She announced that during the 13th Annual Investment Conference Dragon Capital in Kyiv, reports Ukrainian News".
The bank’s supervisory board has already applied for capitalization support,” she said.
She also reported that the banks’ capital demand was around 5 billion dollars when the procedure of nationalization started.
She also added that the development strategy for state banks needs to be renewed due to the nationalization of PrivatBank.
As it was reported earlier, Ukrainian government nationalized PrivatBank at the beginning of the week, the biggest Ukrainian bank. The Cabinet of Ministers made a late Sunday announcement on their official website hat the Ukrainian government acquired 100 percent of shares of PrivatBank.
The Head of the National Bank of Ukraine Valeriya Hontareva announced that this is not going to affect the inflation and the currency rates. According to her the regulating authority has the resource to insure currency from fluctuation.
