NBU starts procedure for collecting loans of former owners of PrivatBank

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Ukrinform
The National Bank of Ukraine (NBU) has started the procedure for compulsory collection of loans of former owners of PJSC PrivatBank, as the term of voluntary restructuring of loans expired, the press service of the NBU reports.

“The term of voluntary restructuring of loans of former owners of the PJSC PrivatBank expired on 1 July 2017. Now one may state that former owners failed to fulfill their obligations. Thus, at the moment the state and PJSC PrivatBank have moved to a legal procedure for the repossession and application of an appropriate legal strategy, the specific steps of which can not be disclosed now,” reads the report.

In addition, according to the NBU, the banking procedure will be similar to the usual procedure for repossession in case of overdue debts, so it is more about foreclosure.

Earlier, the Finance Ministry released a report on the status of restructuring of loans of former owners of PJSC PrivatBank

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