Poroshenko instructs NBU to ensure stable work of all PrivatBank branches

Poroshenko instructs NBU to ensure stable work of all PrivatBank branches

President of Ukraine Petro Poroshenko appealed to the National Bank of Ukraine (NBU) to ensure the stable work of all branches of PrivatBank and provide them with the necessary amount of cash.

The President stated this on Thursday evening at a meeting of the National Security and Defense Council (NSDC) regarding the situation with PrivatBank, an Ukrinform correspondent reported.

He also charged the Finance Ministry with analyzing the risks and threats of the possible implementation Kyiv District Administrative Court’s decision on the denationalization of PrivatBank and to calculate possible losses of the state.

“As I understand, if we withdraw UAH 150 billion of additional capitalization, it will lead to the risks in the form of UAH 100 billion of additional funding of the Deposit Guarantee Fund, which the state will have to take at the expense of the state budget. And the payment of these funds will have huge risks for inflation, for exchange rate policy and for stability of the banking system. We definitely cannot allow such a scenario," Poroshenko stressed.

On April 18, Kyiv District Administrative Court, having considered in a court session the case on a lawsuit by Ihor Kolomoisky against the National Bank of Ukraine, the Cabinet of Ministers of Ukraine, the Deposit Guarantee Fund and the National Commission on Securities and the Stock Market, ruled the nationalization of PrivatBank illegal.


Let’s get started read our news at facebook messenger > > > Click here for subscribe

While citing and using any materials on the Internet, links to the website ukrinform.net not lower than the first paragraph are mandatory. In addition, citing the translated materials of foreign media outlets is possible only if there is a link to the website ukrinform.net and to the website of a foreign media outlet. Citing and using materials in offline media, mobile apps, Smart TV are allowed only with written permission from Ukrinform. News and publications marked as "Advertisement" and "PR" and articles in the section "Releases" include promoted content, and an advertiser is responsible for the content.

© 2015-2020 Ukrinform. All rights reserved.

Website design Studio Laconica

Extended searchHide extended search
By period: