Kolomoisky: I do not need PrivatBank, give me $2 billion capital back

Kolomoisky: I do not need PrivatBank, give me $2 billion capital back

Businessman Ihor Kolomoisky says he does not intend to regain the nationalized PrivatBank, but wants to return capital in the amount of $2 billion.

“I do not need PrivatBank. But there were two billion dollars of capital there. Give them back, and all set,” Kolomoisky said in an interview with the Ekonomichna Pravda (Economic Truth) Ukrainian online media outlet, when asked whether he plans to file new lawsuits demanding the compensation.

He added that if the court ruled that something had gone wrong or had been illegally done during the nationalization, then “we will somehow agree, decide or litigate.”

“It’s not necessary to file a lawsuit immediately. I don’t understand the stance of the state. Do they want to keep PrivatBank? Let they keep it,” the oligarch said.

According to him, the PrivatBank is a burden for the state.

He added that he expected a "just and fair trial and an impartial legal assessment [of the nationalization of the PrivatBank]" after the power is changed in Ukraine.

In December 2016, the Government of Ukraine, at the suggestion of the National Bank of Ukraine and the shareholders of PrivatBank (at that time the largest shareholders were Ihor Kolomoisky and Hennadiy Boholiubov), approved a decision on the nationalization of PrivatBank. The bank was transferred into the state ownership, and the state spent more than UAH 155 billion to increase its capitalization.

In September 2018, the Kyiv District Administrative Court confirmed the validity of the decision taken by the National Bank of Ukraine to classify the PrivatBank as insolvent, rejecting the suit of a bank’s client.

Recently, Kolomoisky stated that he hoped to receive compensation for PrivatBank after the elections.

The winner of the first round of the presidential elections, showman Volodymyr Zelensky said he did not understand why the nationalized PrivatBank should be returned to Kolomoisky and he did not care what would happen to Kolomoisky.


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