The state officially became the owner of “PrivatBank”
The state officially became the owner of “PrivatBank”
© UNIAN
The Ministry of Finance bought the Bank for one hryvnia.
The Ministry of Finance of Ukraine acquired 100% of shares of “PrivatBank”. Thus, the state officially became the owner of the largest Ukrainian Bank.
The sale agreement was signed on 21 December between the Finance Ministry and the Deposit guarantee Fund of individuals ‘ deposits, the press service of the Fund.
“The function of the Deposit guarantee Fund in the process was to establish control over the Bank, its preparation for transfer to the state property and ensuring the transfer to the new owner”, – stated in the message.
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Within three days, our specialists have worked on the formation of reserves for active operations, was carried out an additional share issue and secured their placement, changes in the Charter of the Bank, formed a transitional balance is conducted all the necessary procedures for the sale of shares and change of ownership of the Bank.
Shares of “PrivatBank” cost to the Ministry of Finance one hryvnia. Insurance Fund explains that this amount corresponds to the Law of Ukraine “About system of guaranteeing deposits of individuals”, as the capital of the Bank acquired a negative value.
“The entry of the state capital of PJSC CB “PrivatBank” and further capitalization of the Bank will ensure the fulfillment of all obligations to clients of the Bank both individuals and legal entities, maintaining currency deposits, and other terms of contracts,” – said the Deposit guarantee Fund.
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We will remind, the decision on nationalization of one of the largest Ukrainian banks received on Sunday, December 18. The state now owns all 100% shares. It is represented by the Ministry of Finance guarantees the safety of customer funds. For their protection the President of Ukraine Petro Poroshenko has submitted to Parliament a draft law on additional guarantees to depositors “PrivatBank”.
On 20 December the Verkhovna Rada adopted the law, which guarantees depositors “PrivatBank” 100% refund of the Deposit, as in “Oshchadbank” and does not limit UAH 200 thousand, as in other banks.
PrivatBank was able to stabilize
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This is stated in the first message from the new Chairman of the Board of the nationalized financial institutions Oleksandr Shlapak. According to him, the Bank works in a usual mode and payments are carried out without restrictions. Tomorrow in the river a scheduled briefing, the newly appointed head of PrivatBank.