The DGF appointed temporary administrator in “PrivatBank”

ФГВФЛ назначил временного администратора в "ПриватБанке"

The Deposit guarantee Fund of individuals (fgvfl) today introduced a temporary administration in the “Privat”, reports “Interfax-Ukraine”.

According to the report, the temporary administrator appointed Natalia Solovyova.

In addition, all the powers of a temporary administrator, with the exception of powers of management delegated to Andriy Shevchenko.

It is also noted that the Fund has delegated to its staff the authority to perform the duties of Directors of branches and representative offices of “PrivatBank”.

Measures have been taken based on the decision of Board of National Bank of Ukraine (NBU) on December 18, 2016 to classify the largest in terms of assets of “PrivatBank” (the Dnieper) to the insolvent.

Related news: the NBU did not record abnormal brain activity customers due to the nationalization of “PrivatBank”

We will remind, on December 18, the government supported the proposal of the National Bank and the financial stability Board on the transition of the PJSC “PrivatBank” in the absolute state property. Provides that the state represented by the Ministry of Finance will become the owner of 100% shares of PJSC “PrivatBank” and ensures smooth functioning of the institution and preservation of the funds of its clients. The transition period will begin on December 19.