PrivatBank becomes the property of the state

Приватбанк переходит в собственность государства

The Cabinet took the decision to move a Bank in the state

The state represented by the Ministry of Finance will become the owner of 100% of PrivatBank.

The Cabinet of Ministers took the decision to move 100% of the shares in a Bank in the state, the press service of the government.

“The Cabinet of Ministers of Ukraine at a meeting on Sunday discussed the issue of ensuring stability in the financial system of the country. Taking into account the results of the meeting of the Council of national security and defense of Ukraine, the government supported the proposal of the National Bank and the financial stability Board about the transition of PAO PrivatBank in wholly-owned state property,” – said in the message.

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 preserve the funds of its clients.

These actions occur in coordination with international financial organizations and with their support.

The Chairman of the NBU Valery Gontareva, who participated in the government meeting, Finance Minister Alexander danyluk informed the members of the Cabinet that private shareholders of PrivatBank approached the government with a proposal to the state for the benefit of customers of the Bank became the full owner of it.

The transition period will begin on December 19. The state will provide a smooth transition, stable work of this institution in the ordinary for its customers mode.

The government believes that its responsible decision saved as Privat and the entire banking system.

In Crimea, want to sell the offices of PrivatBank

Monday, December 19, at 8: 30 about the details of the decisions taken at the joint press-conference will tell the Minister of Finance Oleksandr danylyuk, the head of national Bank Valeria Gontareva.

In the morning separate statements about it will make President Petro Poroshenko and Prime Minister Vladimir Groisman.

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