PrivatBank officially became a state

ПриватБанк официально стал государственным

PrivatBank became the state

Since the transfer the owner of 100% shares of the Bank is the state represented by the Ministry of Finance of Ukraine.

The Deposit guarantee Fund of individuals (fgvfl) and the Ministry of Finance of Ukraine signed on 21 December, the contract for the sale of 100% of PrivatBank, the press service of the Fund.

“This result is a consequence of the coordinated action of the Ministry of Finance of Ukraine, the National Bank of Ukraine, Deposit guarantee Fund of individuals ‘deposits, the National Commission on securities and stock market of Ukraine, the National Depository, Ukrgasbank, Ukreximbank” − stated in the message.

Since the transfer the owner of 100% shares of the Bank is the state represented by the Ministry of Finance of Ukraine.

PrivatBank announced stabilization

All necessary procedures were carried out for 72 hours: the provisions formed for active operations, carried out additional issue of shares and secured their placement, changes in the Charter of the Bank, formed a transitional balance is conducted all the necessary procedures for the sale of shares and change of ownership of the Bank.

“Since the capital PrivatBank acquired a negative value, the Deposit guarantee Fund, according to the Law of Ukraine “About system of guaranteeing deposits of individuals”, sold shares of this Bank to the Ministry of Finance in full for one hryvnia”, − emphasized in the DGF.

Earlier it was reported that the head of the NBU Valeria Gontareva sees prospects to sell nationalized Privat over the next three years.
Source