The EBRD has made participation in the privatization of PrivatBank

ЕБРР допустил участие в приватизации ПриватБанка

EBRD admits its participation in the privatization of PrivatBank

When the time comes for this decision, the Bank would like to lend its support.

The European Bank for reconstruction and development, under certain conditions, allow their participation in the process possible future privatization of PrivatBank. This was stated by managing Director of the EBRD in the countries of Eastern Europe and the Caucasus Francis Malige.

Today it was reported that PrivatBank sell after the nationalization. This should be implemented after stabilization of the Bank and achieve the strategic plan.

“It is too early to talk about the possible privatization of PrivatBank. Currently, it is important to complete the nationalization, and then to stabilize and restructure the Bank. Only then can we speak about privatization. However, when the time comes for this decision, of course, we would like to give my support,” he said.

Now, according to the Director, EBRD intends to advise the government in the selection of the new management of the Bank and other issues.

“We are in close dialogue with the government on all issues. After the decision was made to nationalize, the entire management should be replaced by a new team of professional bankers. Since we are familiar with many bankers, we discussed some of the candidates with the government,” he said.

Earlier, the European Bank for reconstruction and development welcomed the nationalization of PrivatBank.

The European Union also endorsed the nationalization of PrivatBank.

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