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Poroshenko: Ukraine guarantees Privatbank clients safety of their money
12:30, 19 December 2016
Poroshenko: Ukraine guarantees Privatbank clients safety of their money

New directors of the bank, the National Bank and the Ministry of Finance were tasked to ensure a smooth transition, stable operation and customer service in usual mode, the President noted

12:30, 19 December 2016

President's press service

The State guarantees Privatbank clients inviolability and entirety of their money. This was stated by the President of Ukraine Petro Poroshenko in a special video message on the nationalization of the bank.

"The state takes on responsibility and guarantees Privatbank clients inviolability and entirety of their money," he said.

A new group of experts was hired for bank management, the European Bank for Reconstruction and Development also took part in formation of the group, according to him.

Related: Poroshenko: Decision on PrivatBank nationalization is unprecedented

"This team, the National Bank and the Ministry of Finance were tasked to ensure a smooth transition, stable operation and customer service in usual mode," he added.

Earlier it was reported that 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. TheNational 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.

Related: Head of the National Bank of Ukraine: PrivatBank eurobonds to be bailed in

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