No grounds for PrivatBank to return to former shareholders, - Presidential Office

That was the focus during the meeting between Chairman of the Office of the President Andriy Bohdan, his two deputies and ambassadors of the G7 member countries
22:44, 23 October 2019

Presidential Administration press office

The meeting with the ambassadors of the Great Seven countries took place in the Office of the President of Ukraine on October 23. As it was discussed during the meeting, despite any decisions of the court, there are no reasons for returning of Privat Bank to its former shareholders. This was reported on the official website of President Volodymyr Zelensky after the meeting. 

Related: Bohdan meets with G7 ambassadors

"Having made a decision about nationalization, the state invested into Privat Bank $6.2 billion and this let the Ukrainians save their funds. We think that whatever the court decisions would be, there are no grounds for returning of the state-owned PrivatBank to the former shareholders," reads the message. 

Besides, priorities for implementation of the economical reforms, collaboration with international partners and financial organizations and judicial reform in Ukraine were also discussed. 

Particular attention was paid to the negotiation process with the International Monetary Fund, the reform of the banking sector and the repayment of funds of bankrupt banks.

Related: Would Ukraine's oligarch Kolomoysky get his PrivatBank back?





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