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PrivatBank depositors’ money is now under 100% state guarantee
13:14, 19 December 2016
PrivatBank depositors’ money is now under 100% state guarantee

More than three million pensioners, 500 thousand students receive payments in the bank and a million 600 thousand socially disadvantaged citizens, - Groysman

13:14, 19 December 2016

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The money of PrivatBank depositors will be under one hundred percent guarantee of the state. This was announced by the Prime Minister of Ukraine Volodymyr Groysman in his message in connection with nationalization of PrivatBank.

The decision to nationalize the bank is intended to ensure the stability of the banking system and to protect clients' money, according to him.

More than three million pensioners, 500 thousand students receive payments in Privatbank and a million 600 thousand disadvantaged citizens, he reminded.

Related: EBRD fully supports decision to nationalize PrivatBank

"We protected 20 million bank customers and financial stability of our country," Groysman 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: Poroshenko: Ukraine guarantees Privatbank clients safety of their money

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