Ukraine will buy Privat for one hryvnia – Gontareva

Украина купит ПриватБанк за одну гривну - Гонтарева

Ukraine needs to invest tens of billions in the Bank’s capital.

The Ministry of Finance of Ukraine will become the owner of PrivatBank for one hryvnia. It on a press-conferences on Monday, December 19, reported the head of the National Bank of Ukraine (NBU) Valeria Gontareva.

According to the head of the national Bank, the Ministry of Finance in two days must be identified with the management of PrivatBank, as well as to renew and buy a Bank for one hryvnia. Until then the temporary administrator must convert Bank liabilities into equity.

At the same time, added Gontareva, the state will have to invest tens of billions of hryvnia in the capital of PrivatBank.

Earlier, the head of the NBU Gontareva said the reasons for the insolvency of PrivatBank.

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