The National Bank of Ukraine (NBU) confirms the possibility of refinancing PrivatBank when executing court rulings on the abolition of bail-in, Deputy Head of the NBU Yekateryna Rozhkova has said.
“In the current situation, PrivatBank does not need refinancing … But if to speak in the context of courts, then, of course, it might need it,” she said during the round table “Nationalization of banks: world experience and Ukrainian realities” organized by the Independent Association of Ukrainian Banks in Kyiv.
As reported, in December 2016 the government at the suggestion of the NBU and the shareholders of PrivatBank, the largest of whom at the time were Ihor Kolomoisky and Hennadiy Boholiubov decided to nationalize this largest financial institution in the Ukrainian market. The state received 100% of its capital, while PrivatBank was capitalized for Hr 116.8 billion.
As part of nationalization, the bank’s obligations to related parties were subject to a bail-in procedure and were exchanged for additionally issued shares of the bank.
