Finance Ministry transfers 100% of PrivatBank’s shares to Cabinet of Ministers

This is evidenced by data on the final key participants in the bank’s ownership structure, published on the website of the National Bank of Ukraine (NBU).

According to the National Bank, as of September 25, 2019, the State of Ukraine represented by the Cabinet of Ministers of Ukraine was indicated as the owner of 100% of the bank's shares, while as of January 1, 2019, 100% of the bank's shares belonged to the State of Ukraine represented by the Finance Ministry.

As Ukrinform reported, on December 18, 2016, following the proposal of the NBU and former shareholders of PrivatBank (the largest of them being Ihor Kolomoisky and Gennadiy Bogolyubov), the government decided to nationalize Ukraine's largest bank.

To save the bank, the state conducted additional capitalization for over UAH 155 billion.

The bank's former owners consider nationalization illegal. Trial proceedings are taking place both in Ukraine and abroad.

Ukraine's Presidential Office stated that whatever the decisions of the courts are, there is no reason to return state-owned PrivatBank to its former shareholders.

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