Rothschild will help with the restructuring of loans PrivatBank

Ротшильды помогут с реструктуризацией кредитов ПриватБанка

A consortium of companies in the “Rothschild”, OOO “Ernst and young” and “Pinpoint” will help with the restructuring of loans to PrivatBank.

The press service of PrivatBank has reported that in early may, the Bank will sign an agreement with a consortium of international companies headed by Rothschild & Co ( Rothschild) regarding negotiations on the restructuring of loans of the former owners of the Bank, reports the Economic truth.

It is noted that on 13 April the Bank’s Supervisory Board chose a consortium of companies in the Rothschild, LLC Ernst & young, OOO Pinpoint the winner of the competition for the election of the company to conduct restructuring negotiations, making capability and the recovery value of problem loans that were granted to former ultimate beneficiaries of PrivatBank, to maximize the quality of the credit portfolio.

The press service also said that Privat was capitalized in the amount of 116.8 billion hryvnia.

We will remind, on December 18, 2016, the Ukrainian government nationalized Privat. The Ministry of Finance acquired 100% stake in the country’s largest Bank for one hryvnia.

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