Privat decapitalizing 38.5 billion

ПриватБанк докапитализируют на 38,5 миллиардов

PrivatBank in the future it is planned to sell

The Cabinet wants to increase the capital by issuing government bonds.

The Cabinet of Ministers decided to dokapitalizatsii Privat 38.5 billion UAH. This was during a press briefing on Friday said Finance Minister Oleksandr danylyuk, transmit Ukrainian news.

According to him, the first tranche of the capital increase amounted to 22.5 billion UAH. The capital will be increased by issuing government bonds.

The capitalization of PrivatBank will be accompanied by publication of the annual report displaying the updated indicators according to the loss and size of capital. Updated deadline to the Bank for publishing the report – 1 July.

We will remind, the former Deputy Finance Minister Igor Umansky said that the recapitalization of the state of PrivatBank it is necessary 38.9 billion hryvnias.

In April, the national Bank of Ukraine estimates the need for additional recapitalization of a Bank in 30 billion.

June 16, media reported that nationalized PrivatBank is in need of recapitalization in the amount of 38.5 billion UAH.

Earlier, Finance Minister Alexander Danilyuk declared that after full nationalization of the PrivatBank his plan to sell.

Source