European Bank for Reconstruction and development (EBRD) fully supports the decision of the Ukrainian government to nationalize PrivatBank to protect its depositors. Suma Chakrabarti, the EBRD president, said this in his statement released by the Bank’s press service on Monday.
‘I decisively support the decision of the government to nationalize PrivatBank and thus protect both private depositors and legal entities. The long-term stability of PrivatBank, Ukraine’s largest bank, is absolutely necessary for the healthy economy,’ he said.
Chakrabarti underlined that the EBRD is ready to provide the government with expert assistance. ‘We support the efforts of the National Bank to reform the financial sector and set the due management in this area. Ukraine can definitely count on EBRD’s support here,’ he said.
As 112 International reported, the Ukrainian government supported the initiative of the National Bank to nationalize PrivatBank, Ukraine’s largest non-state-run bank.