"Both cases concern the enforcement of Kolomoisky's personal sureties given in 2016, in favor of the NBU, to guarantee repayment of the liquidity support loans extended between 2008 and 2015 by the National Bank of Ukraine to PrivatBank. In total, these claims seek to recover nearly $385 million due under five loan agreements," the press office reports.
The first lawsuit was filed to the first instance court in Geneva (at the place of Kolomoisky's residence), the second one - to the Dnipropetrovsk Commercial Court (at the location of the former shareholder's property).
"The National Bank of Ukraine is committed to compelling Kolomoisky to honor the personal guarantees he gave in exchange for the extension of substantial state lending to PrivatBank at the time when it remained under his ownership and control. Kolomoisky has shown himself unwilling to honour those guarantees voluntarily, despite the heavy burden that the Ukrainian state has had to bear through his conduct. As the present actions demonstrate, the National Bank of Ukraine is committed to pursuing claims against Kolomoisky both in Ukraine and overseas in order to seek to hold him to account," the representatives of the National Bank added.
It was also noted that the PrivatBank received loans from the NBU with personal guarantees provided by Kolomoisky.
Yet, then the PrivatBank, actually, could not return the loans, after what the bank was nationalized at great cost to the state - the equivalent of 5% of GDP.