The Cabinet announced the nationalization of “PrivatBank”
The Cabinet announced the nationalization of “PrivatBank”
© Dnia
The Bank becomes the property of the state.
PJSC “PrivatBank” become the absolute property of the state.
This decision was taken by the Cabinet of Ministers of Ukraine at a meeting on Sunday, December 18, according to a statement on the Government portal.
“Taking into account the results of the meeting of the Council of national security and defense of Ukraine, the government supported the proposal of the National Bank and the financial stability Board on the transition of the PJSC “PrivatBank” in the absolute state property”, – stated in the message.
It is expected that the Ministry of Finance of Ukraine will become the owner of 100% of shares of “PrivatBank”. It ensures smooth functioning of the institution and preservation of the funds of its clients.
“These actions occur in coordination with international financial organizations and with their support,” – noted in the government.
The head of the NBU Valeria Gontareva and Finance Minister Oleksandr danylyuk said that the shareholders of the “PrivatBank” have approached the government with a proposal to the state for the benefit of customers of the Bank became the full owner.
See also: PrivatBank became a “Bank of the year 2016” in the ranking of top global banks by The Banker
“The transition period will begin on December 19. The state will provide a smooth transition, stable work of this institution in the habitual customer mode. The government believes that its responsible decision saved as “PrivatBank” and the entire banking system”, – stated in the message of the Cabinet.
The details of the decisions taken and danyluk Gontareva will report on joint a press-conferences on Monday, December 19, at 8.30 am. Certain statements on this matter made by the President of Ukraine Petro Poroshenko and Prime Minister of Ukraine Vladimir Groisman.