Poroshenko described the support of the Parliament bill gosgarantii deposits as an endorsement of nationalization of “PrivatBank”

Порошенко расценил поддержку Радой законопроекта о госгарантировании вкладов как одобрение национализации "ПриватБанка"

Petro Poroshenko.

The President of Ukraine Petro Poroshenko has described the support of the Parliament bill gosgarantii deposits as an endorsement of nationalization of “PrivatBank”. About this he wrote on his page in Facebook.

“Thanks to Parliament for the operational support of my initiatives on guarantees to depositors of “Privat”. This position of the Verkhovna Rada to consider and as a political support of the decision to transfer the Bank into state ownership”, – wrote Poroshenko.

We will remind that on 18 December, the government nationalized the PJSC “PrivatBank”. Provides that the state represented by the Ministry of Finance will become the owner of 100% shares of PJSC “PrivatBank” and ensures smooth functioning of the institution and the safeguarding of clients ‘ funds. The decision explained the need, as the Bank was in a difficult position. International financial institutions supported this decision.

The day after the announcement of the nationalization of “PrivatBank”, the President introduced to the Parliament as an urgent bill “On banks and banking” regarding the state guarantee of deposits of individuals”. Today it is supported in Parliament with their votes of 276 deputies.

The bill provides to amend article 57 of the law of Ukraine “On banks and banking activities”. According to these changes, the state assumes the obligation to make reparation to individuals – depositors of state banks for the part of Deposit exceeding the size limit of the refund of contributions prescribed in accordance with the law of Ukraine “About system of guaranteeing deposits of individuals”. Thus, for these individuals are also saved under the law of Ukraine “About system of guaranteeing deposits of individuals” of the guarantee on deposits in the amount of the compensation limit on deposits.

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