By: Zoya Milovanova (Editorial Board, VoxUkraine Law)
On Monday, 20th of December, 2016, the nationalization of PrivatBank was announced. The representatives of the government and the central bank explained the decision with the bad quality of the credit portfolio, large number of loans to affiliated companies and undercapitalization of the bank. The bank’s former management presented their view of the events, pointing to the unjust actions by the NBU that were selectively aimed at the largest Ukrainian bank.
Full text is available in Ukrainian.
If you would like to receive our weekly newsletter, please subscribe