Finance Minister: PrivatBank Supervisory Board and Management Board to be set on Tuesday

Source : 112 Ukraine

The boards to involve foreigners, according to the head of the Finance Minister
09:36, 20 December 2016

112 Agency

The Management Board and the Supervisory Board of the nationalized PrivatBank to be formed on Tuesday, Finance Minister Oleksandr Danyliuk announced that, reported one of the Ukrainian TV channels.

“The Management Board and the Supervisory Board will be formed tomorrow (on Tuesday, - ed.). The decision to approve the candidacy of Oleksandr Shlapak was already taken,” said Danyliuk on air of ICTV.

He also mentioned that foreigners are to be involved in the boards.

Related: Kolomoisky got rid of headache: How Presidential Administration negotiated on PrivatBank nationalization

As it was reported yesterday, Ukrainian government nationalized PrivatBank, 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.

Related: What does PrivatBank nationalization mean to Ukrainians and state?

Finance Minister Oleksandr Danyliuk assured that the bank clients will have unhindered access to their accounts and ATMs.

Apart from that, the decision on nationalization will Ukraine push closer to receiving the next IMF tranche.

Related: If World Bank or EBRD joined the capitalization of "Privatbank", it would be great, - Groysman

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