After the nationalization of “PrivatBank” sell – danyluk
After the nationalization of “PrivatBank” sell – danyluk
© Privat
The decision to 100 percent nationalization of financial institutions adopted in the late evening on December 18.
“PrivatBank”, the nationalization decision which the Cabinet made yesterday, on December 18will continue to operate as usual. There are just certain nuances with corporate clients – money transfers block on one day – December 19. Then all the work will restore.
After full nationalization of the “PrivatBank” his plan to sell. On this day, December 19, at the morning press conference said the Finance Minister Oleksandr danylyuk.
“After crossing this Bank to the state property is the fate of the state banks in the banking sector is very significant. The plans state not to be the owner of such a large share of the banking sector. So after the Bank stabiliziruemost completely, will begin to implement the strategic plan, the state expects the Bank to sell. And it will create normal competitive conditions in the market. To sell on transparent terms,” said danyluk, who was quoted “Economic truth”.
See also: What will happen to the money of Ukrainians in the nationalized “PrivatBank”. The responses from the Ministry of Finance and the NBU
We will remind, in the evening of 18 December , the government of Ukraine adopted a decision on nationalization of “PrivatBank”. It is assumed that the state represented by the Ministry of Finance of Ukraine will become the owner of 100% shares of the Bank. It ensures smooth functioning of the institution and preserve the funds of its clients.
“PrivatBank” will be headed by former Finance Minister and one of the top managers in the 1990-ies Oleksandr Shlapak.
PrivatBank was founded in 1992. Is considered a leader in the banking market of Ukraine. According to a study by GFK Ukraine in the third quarter of 2016, with the Bank cooperate 51.4% of Ukrainians – individuals over the age of 16. The main Bank I think, 42.6% of users of banking services to individuals, and more than the subsequent 23 banks together in the rating of Ukrainian banks.
With “PrivatBank” cooperate 56.1% of all legal entities in Ukraine, and 33.5 percent consider it their primary Bank. At the same time 69.7% of the entrepreneurs are also collaborating with the Bank, and of 62.3% consider it their primary Bank.
“PrivatBank” is one of the most innovative banks in the world, according to the website of the financial institution. For example, more than 10 years ago, the Bank became one of the first in the world who started to use SMS-disposable passwords. The latest innovation that has received worldwide recognition, are such products as payment mini-terminal, the entrance to Internet banking via QR code, online cash collection, and dozens of various mobile applications.
International banking group “PrivatBank” serves over 22 million corporate and retail customers in 10 countries.
In “PrivatBank” explained why he agreed to the nationalization.