The Finance Minister said the sale of PrivatBank

PrivatBank plans to sell

Authorities plan to return to the commercial sector, all state-owned banks. Privat expect to sell within three years.

Nationalized PrivatBank, plan to sell within three years. This interview NV Business told the Minister of Finance Oksana Markarova.

“We have a clear strategy to work with four banks, which are now in public ownership. They all involve the entry of investors into the capital and return banks to the commercial sector. The first goes to banks, who became our not because they were created by the state, but because the government was forced to intervene in the situation. Ukrgasbank we already sell: this year it will come in IFC, and then together we will look for a strategic investor. For Privat we have three years to implement full withdrawal of the state capital. But in order for someone to sell something, it is necessary that someone bought, ” said Markarov.

She noted that prior to the sale of PrivatBank, you should get a decision in some actual court cases.

“Any investor, especially in such assets as the Bank will assess not only the economic and financial situation in the country as a whole and the Bank’s performance (and they are good, and this is a very good case, which shows that with the right management, an independent Supervisory Board and working together can significantly improve the market position), but additional risks”, – said Markarova.

Note, December 19, Sixth appellate administrative court will start consideration of appeals of the National Bank on the decision of the District administrative court of Kyiv on 18 April 2019 about recognition illegal decisions on the withdrawal of PrivatBank from the market.

This week the Verkhovna Rada registered the bill, which want to protect Privat from return of the former owners.

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