In the Bank claim that the nationalization of “PrivatBank” does not really affect the foreign exchange market
In the Bank claim that the nationalization of “PrivatBank” does not really affect the foreign exchange market
© Privat
In NBU assure that the transition of “PrivatBank” in state ownership improves the prospects of receiving another tranche from the IMF.
The nationalization of the government “PrivatBank” will not have a significant impact on macro-financial stability and foreign exchange market.
This is stated in comments of the NBU.
In NBU note that to replenish the capital of “PrivatBank”, the Ministry of Finance of Ukraine carried out issue of bonds of internal state loan volume of 116.8 billion. The Bank claim that these bonds will guarantee the Bank’s liabilities to depositors. The income on these securities (approximately 10% per annum) will be a constant source of income for the Bank.
The national Bank noted that they have a full range of tools to support operations liquidity “Privat” do not lead to pressure on inflation and the foreign exchange market. The national Bank had sufficient international reserves of about 4 billion – in order to use them to smooth functioning of the foreign exchange market if necessary.
In NBU argue that the transition of “PrivatBank” in state ownership improves the prospects of receiving the next tranche under the program of expanded financing from the International monetary Fund in early 2017.
Also read: Gontareva stated that “PrivatBank” before the advent of the interim administration took 2.6 billion UAH
We will remind that earlier former Chairman of the Board of PrivatBank Alexander Dubilet in comments TSN explained how a “mythical black holes“referred to by the head of the NBU Valery Gontareva.
The head of the financial regulator claimed that the shortage of capital “PrivatBank” has increased to 148 billion, and liquidity of the Bank decreased. But Dubilet said that the financial institution is working fine, so far, the NBU did not stop to take account of collateral.
Personal data of clients of PrivatBank remain protected
TSN. 19:30
Yesterday, 21:09
Add to favourites
PrivatBank has lifted restrictions in force after the announcement of nationalization. This was stated by the new Chairman of the management Board of the Bank Oleksandr Shlapak in the river. He reassured customers that personal data will be as protected as before. On the eve announced the completion of the procedure of transfer Privat private to public ownership.