The Ukrainian banking system has enough liquidity and there are no substantial outflows of deposits expected from PrivatBank, the central bank’s deputy governor said on Dec. 20.
Ukraine declared PrivatBank, the country’s largest lender, insolvent on Dec. 19 and took it under state control. Some 2 billion hryvnia ($75.76 million) were withdrawn from the bank’s cash machines on Dec. 19 and the finance ministry is expected to issue bonds as part of the rescue this week.
