After the fight. The government and the Private about the situation with the Bank

После драки. Власть и Приват о ситуации с банком

Correspondent.net gathered positions of power and Privat concerning the nationalisation of financial institutions.

PrivatBank is fully transferred to state ownership.

The new head of the Board Oleksandr Shlapak said that now the Private works in its full capacity, eliminating all time limits.

Earlier in the week, when authorities announced the nationalization of the Bank they claimed that it is conducted voluntarily, at the request of owners of Private.

Today was published the statement by the former Board of PrivatBank, in which the NBU is charged with deliberate destruction of the Bank.

Кореспондент.net compare the arguments of government and Private.

Hole 148 billion hryvnia

The head of national Bank Valeria Gontareva said that the main reason for the recognition of Private insolvent was a hole 148 billion hryvnias in the Bank’s capital.

“Inspections of the NBU identified the lack of capital PrivatBank. On April 1, 2015, it was 113 billion hryvnia,” – said Gontareva.

According to her, last year the national Bank held more than 30 meetings with the owners and management of Private.

“The national Bank has continued the terms of the recapitalization. As a result, as of 1 December 2016 shortfall in the Bank’s capital increased to 148 billion, and the Bank’s liquidity significantly decreased. The Bank almost a year did not fulfill the reserve requirements”, – said Gontareva.

Ex-Board of Private says that the NBU artificially created that hole 148 billion in PrivatBank.

“In fact, this gap is formed due to the fact that the NBU sharply and, we think, unfairly changed the policy of accounting of the collateral. As a result of this change (which, incidentally, comes into force on 1 January 2017) our Bank has lost the right to consider the collateral with a total value of 142.8 billion. Moreover, this value was confirmed by independent appraisers authorized by the NBU. The essence of these changes? NBU allowed to consider collateral only assets that can be issued in a mortgage,” – say in Private.

The former Board of the Bank cites the example of the stadium Dnipro-arena, which was pledged to the Bank.

“At the time of its construction has been spent more than 1 billion UAH, and the independent appraisers have estimated its current value of 850 million. However, the NBU has recognized the value of this collateral is also zero! Why? “And you still can not find it now buyer!”, says the regulator,” – said the ex-Board.

Itself Gontareva calls such a statement is nonsense and indicates that all Ukrainian banks passed stress tests by these rules and only Private not passed.

Loans to related parties

According to NBU, PrivatBank 97% of the loans issued related to the owners of Bank companies.

“More than 97% of the corporate portfolio, which amounted to 150 billion UAH on April 1, 2015, was credit-related shareholders of the Bank”, – said Gontareva.

Ex-Board of PrivatBank, in turn, claims that the national Bank does not correctly identifies insider loans.

“Our Bank regularly held audit international audit companies of the big four. According to the latest report from PricewaterhouseCoopers, the share of credit portfolio, which had in our Bank to related parties amounted to 17.7%. But at some point, the NBU decided to change the rules of the game. The regulator has announced it will independently “expert” to determine which persons to call associated”, – declare in Private.

The former members of the Board claim that the NBU began to refer to related businesses “almost everybody who’s ever had dinner with shareholders”. In Private they say that they could not explain why the list of insiders has got football club “Dynamo Kiev”.

Refinance

Overdue zadolzhennostejj to the regulator for the stabilisation loans amounted to 14 billion hryvnias, the total debt of 19 billion hryvnia, the head of the NBU.

Ex-Board of Private says that their Bank had increased the credit rate to 28-32% per annum for other large banks refinancing rate in 2016 was reduced.

“In the end, our Bank was paying huge interest on the loan, which we were forced to take during the war, paying in total at the time of nationalization 11.1 billion of the loan and 13.1 billion percent,” says former top management of the Bank.

Information attack

Shareholders of PrivatBank sent the Cabinet a letter asking about joining the state capital Bank, said the head of the NBU Valeria Gontareva.

Now, the former owners of Privat say against the Bank, the authorities have conducted several awareness campaigns, and hontareva “led a deliberate policy to destroy the Bank.”

 

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