The Cabinet of Ministers of Ukraine announced the full nationalization of “PrivatBank”

The Cabinet of Ministers of Ukraine announced the full nationalization of “PrivatBank”


Moscow. 19 Dec. The government of Ukraine adopted a decision to transfer 100% of shares of “PrivatBank” in the state.

“The Cabinet of Ministers of Ukraine at a meeting on Sunday discussed the issue of ensuring stability in the financial system of the country. Taking into account the results of the meeting of the Council of national security and defense of Ukraine, the government supported the proposal of the National Bank and the financial stability Board about the transition of the PJSC “PrivatBank” in hundred percent state ownership,” – said in a statement posted Monday on the website of the Cabinet.

Provides that the owner of 100% of shares of “PrivatBank” will be the state represented by the Ministry of Finance. This ensures the smooth functioning of the institution and preservation of the funds of its clients.

“These actions occur in coordination with international financial organizations and with their support”, – stated in the message.

According to the head of the NBU Valeria Gontareva and Finance Minister Alexander danyluk, the “private shareholders “PrivatBank” has approached the government with a proposal to the state for the benefit of customers of the Bank became the full owner”.

The transition period will begin on December 19. The state will provide a smooth transition and stable operation of the “PrivatBank” in ordinary to his clients, mode. The Cabinet comes from the fact that its a responsible decision saved as “PrivatBank” and the banking system of Ukraine in General.

On Monday, Finance Minister Oleksandr danylyuk, the head of the NBU Valery Gontareva at a joint press conference will talk about the details of the decisions taken. In the morning separate application for this reason will make the President of the country Petro Poroshenko and Prime Minister Vladimir Groisman.

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