Ministry of Finance of Ukraine: PrivatBank to be sold after its stabilization

Source : 112 Ukraine

National Bank of Ukraine states that transition if the bank into state ownership is the only way to preserve the coasts of the depositors and save the financial system
11:00, 19 December 2016

Open source

After the full stabilization, the PrivatBank will be sold. The Ukraine’s Finance Minister Oleksandr Danyliuk announced that during the briefing together with the head of the National Bank of Ukraine Valeriya Hontareva.

“After the bank is fully stabilized, the strategic plan shall be implemented – the state is planning to sell the bank. And this will create reasonable competitive climate on the market. To sell it on transparent terms,” he said.

Related: PrivatBank suspends servicing entities for 24 hours

As it was reported earlier, the PrivatBank eurobonds to be bailed in, according to the Head of the National Bank of Ukraine Valeriya Hontareva

The Ukrainian government acquired 100 percent of the shares of PrivatBank, the biggest Ukrainian bank, according to the late Sunday announcement on the official website of the Cabinet of Ministers.

Related: Kolomoisky agrees for PrivatBank nationalization after December 20

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