PrivatBank bankruptcy would be a disaster.

Банкротство ПриватБанка стало бы катастрофой - НБУ

The fall of PrivatBank would cause the collapse of other banks.

If the Ministry of Finance not bought Privat, it would bring catastrophic losses. Only the return of deposits of Fund of guaranteeing deposits in the Bank amounted to 95 billion. In an interview with UKRINFORM reported, Deputy Chairman of the national Bank Oleg Churiy.

“It would be a catastrophic loss to the public, business and government too. Reimbursement from the Fund of guaranteeing deposits in the Bank amounted to 95 billion. It is slightly smaller than capitalization. (116 billion UAH – ed.)”, – told about the consequences of the nationalization of alternative options for PrivatBank Cure.

According to him, the loss of business amounted to 85 billion.

“It would be a disaster and is not confined to one Bank,” he said, adding that could trigger a “Domino effect”, when after the fall of PrivatBank go bankrupt and other financial institutions.

We will remind, earlier it was reported that from December 22 PrivatBank officially became a state.

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