The nationalization of PrivatBank: all the details

Национализация Приватбанка: все подробности

Национализация Приватбанка: все подробности

Национализация Приватбанка: все подробности

Национализация Приватбанка: все подробности

Национализация Приватбанка: все подробности

Национализация Приватбанка: все подробности

Национализация Приватбанка: все подробности

Recent events surrounding the nationalization of PrivatBank.

The Cabinet decided to nationalize Privat. “Become the absolute property of the state”, – stated in the message on the website of the Cabinet of Ministers.

According to authorities, the new shareholder – Ukraine guarantees the uninterrupted work of the Bank and the safety of the funds in the accounts.

Nationalization is “with the support of international organizations,” but in the message these structures are not listed.

It is stated that the transition period begins today, December 19. Early morning special address to the Ukrainian people will make President Petro Poroshenko and Prime Minister Vladimir Groisman and Minister of Finance Oleksandr danylyuk, the head of the NBU Valery Gontareva.

Correspondent.net Chronicles the most important events for the nationalization of the branches of the largest financial institutions in the country.

Special briefing

At 8:30 in the Cabinet of Ministers was to begin the press conference about the situation with PrivatBank.

Wanting to get on it very much.

Video of the briefing. All news is promptly appears in this article.

As long as it works

In social networks Ukrainians actively share emotions and feelings about the situation around the PrivatBank.

As long as it works:

Национализация Приватбанка: все подробности

 

And, of course, many jokes.

Национализация Приватбанка: все подробности

 

Национализация Приватбанка: все подробности

 

The right decision – ex-Minister

Ex-economy Minister Bohdan Danylyshyn believes that the nationalization of “PrivatBank” is the right solution.

“In modern conditions the decision on PrivatBank responsibly that will create a solid Foundation for further work as PrivatBank and the entire banking system of the country. Privat Bank is the system important for financial system of the state and the largest savings Bank in the country. I think this is the right decision of the state authorities and the National Bank at the current stage of development of the country”, – he wrote.

Danylyshyn noted that banks such as Oschadbank, Exim Bank and others owned by state – reliable and earned the trust of depositors.

“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. This can ensure that all deposits and savings are fully preserved”, – he wrote.

He added that the Bank’s clients not to worry, if the government takes the responsibility.

And here’s trump’s fault?

Original opinion about the causes of the nationalization of the Bank was expressed by the MP Serhiy Leshchenko.

In his opinion, the PrivatBank ationalization is the consequence of the victory of Donald trump in US elections, and how Igor Kolomoisky to solve their problems at the expense of the state.

According to him, the arrival of trump means that no longer will give money to Ukraine “for the beautiful promises and tears of pathological thief about the “ideals of Maidan”.

Национализация Приватбанка: все подробности

“And there will be more of Biden, who for weeks would call Poroshenko, urging to dismiss Shokin or to introduce an electronic Declaration. Since January, everything will be very pragmatic. And the IMF program will continue only in return for strict compliance with their requirements. Where the main point is already half a year stood nationalization PrivatBank”, – the Deputy wrote.

Not a stranger

It is worth noting that the new Chairman of the Board of PrivatBank Alexander Slavak – not a stranger to the Bank.

Shlapak has worked in PrivatBank from 1993 to 1998, when the Bank was Sergey Tigipko.

He held the position of Director of the Lviv Filii, Director of the Western main branch and Deputy head of the Board of the Bank.

In 1998 Shlapak, together with Tigipko left the government of his Advisor, when he Tigipko Vice Prime Minister for economic Affairs.

From July 2001 to November 2002 – Shlapak held a post of the Minister of economy Anatoliy Kinakh government.

From 2003 to 2005 Shlapak worked as Deputy head of the NBU, which was then Tigipko.

From 2005 to 2006 Shlapak worked as the head of the state Treasury. From 2007 to 2010 Shlapak was one of the leaders of the Secretariat of President Viktor Yushchenko.

After the revolution of Dignity Oleksandr Shlapak was appointed Minister of Finance and the Cabinet of Ministers Arseniy Yatsenyuk during the period from 27 February 2014 to 2 December 2014.

The suspension of payments

PrivatBank in connection with a technical necessity, due to the change procedure of the control and features of the legislation on the day to suspend the execution of payment transactions of legal entities.

“It will stop on day 1 of corporate payments,” – said project Manager financial sector reforms project of the office of the National Council of reforms Victoria insurance.

According to her, came 19 Dec bills will be executed 20 Dec.

The Finance Ministry is trying to calm

Depositors ‘ funds are protected by the state was reacting to Finance Minister Alexander danyluk in the hype surrounding the nationalization of PrivatBank.

In the comments to this post in the Facebook users asked the Minister what will be the hryvnia exchange rate when the government prints 150 billion to recapitalize the Bank.

Down money no one will touch?

“With your money on current, Deposit, card accounts of natural and legal persons, nothing will happen. This was a key condition of negotiations about change of ownership” – wrote in Facebook Oleg Gorokhovsky, first Deputy Chairman of the Bank.

However, in recognition of the Gorokhovsky, in his previous posts, he until the last moment rejected the possibility of nationalization.

“If I knew about it (nationalization – ed.) when I wrote my previous posts in which it was denied? Of course not,” said the banker.

Note that earlier “entry” of the state in PrivatBank in social networks was denied by the press Secretary of the institution Oleg Serga. “Nonsense” called nationalization and Director of information technologies Privat Dmitry Dubilet.

Национализация Приватбанка: все подробности

A screenshot of the post Dubilet from 14 Dec

The new head of the Bank Oleksandr Shlapak

Later, after the official Declaration of the Cabinet, Dubilet clarified nationalization. According to him, the Bank’s customers have nothing to fear, deposits guaranteed by the government, on suspension of payments of the question.

Negative rumors about the forthcoming nationalization Dubilet tied with “hostile media” and said that since the beginning of ATO, the Bank experienced seven information attacks.

Also, he said, to manage the Bank’s government puts the former Minister of Finance Alexander Shlapak.

Reaction of social networks: the power of inflated rumors

Opinion leaders in social networks have already begun to criticize how the government had nationalized.

“Public communication from the government, national Bank and AP in the preparation of nationalization PrivatBank should enter into textbooks on crisis management in the Chapter “How the hell to do!”, – wrote the people’s Deputy from BPP and journalist Mustafa Nayem.

According to him, a clear plan of action to save the Bank had to publish immediately in order not to give rise to panic.

Even less optimistic is another journalist – host of Nashi Groshi Alexander Dubinsky. Note that this EA works on 1+1 TV channel, which belongs to the former owner of Privat Bank Igor Kolomoisky.

“There will be another honorsbanquet type Osada. Well, I do not believe in the ability of the “reformers” give us something to successfully manage,” wrote Dubinsky in Facebook.

But some opposition figures believe that the Bank “drained” by foreign owners, eliminating sovereign banking system of the country.

This opinion was expressed by former party of regions Elena Bondarenko. “Quiet and reliable “drain” the economy of the country and under foreign ultimate control”, – she wrote in Facebook.

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