Talks with Privatbank ex-owners continue

Source : 112 Ukraine

The results of negotiations are not out yet, according to Chairman of the Board
14:13, 4 July 2017

Ukrainian photo

Privatbank Chairman of the Board Oleksandr Shlapak confirms continuing negotiations with the former owners of the financial institution regarding the restructuring of the loan portfolio to associated persons. This was announced by Oleksandr Shlapak during the press conference, reports

“Negotiations are underway ... No results so far, but they are going,” Shlapak said.

During the press conference Shlapak said that in July Rothschild & Co (company that represents former owners of a bank) will make a report stating the amount for restructuring recognized by the former owners.

Related: Privatbank ex-owners fail to fulfill commitments in time, - National Bank

Chairman of the Board noted that ex-owners do not admit numbers proposed by the National Bank of Ukraine.

As it was reported earlier General Prosecutor's Office initiated a case for Privatbank’s insolvency. “A criminal case was initiated against former owners of Privatbank considering bringing the bank to insolvency,” said Chairman of the Board.

Related: PrivatBank Chairman Shlapak resigns

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