Gontareva: PrivatBank lack of capital

Гонтарева: В ПриватБанке недостаток капитала

PrivatBank had problems with capitalization

The head of the national Bank spoke about the situation in PrivatBank.

At a press conference on the nationalization of PrivatBank, head of the NBU Gontareva said the reasons for the insolvency of the Bank.

Gontareva said that the Bank’s main issue – “unweighted credit policy”.

“The NBU two years ago I started the test banks. Now tested 60 of the largest banks of Ukraine. During the stress test led to the detection means PrivatBank”, – said the head of the NBU.

On 1 December this year, lack of capital amounted to 148 billion. According to Gontareva, PrivatBank was assigned to the insolvent.

Between the head of the NBU claims that pensions, salaries, accounts of the business will be executed. In addition, it is not expected a significant impact of nationalization on the rate of inflation and of the hryvnia.

Also Gontareva confirmed the limits on one day for legal entities.

“The move by the Bank in state ownership made in accordance with the legislation of Ukraine. The shareholders sent a letter about joining the state in PrivatBank”, – said the head of the NBU.

Before nationalization was held 30 meetings with representatives of the Bank. All international partners have supported the decision to nationalize Privat. We are talking about the IMF, EBRD, US, UK and others.

We will remind, in the evening of 18 December, it was announced the nationalization of PrivatBank. The transition period will begin on December 19.

Privat for the day will suspend corporate payments