The Government has finalized the re-capitalization of the Privatbank amounting 116.8 billion Hryvnas

2/22/17

Today, the Government has decided to issues bonds amounting 9.8 billion Hryvnas to finalize the re-capitalization of the Privatbank. This step is in line with a draft decree which was submitted to the Government by Minister of Finance Oleksandr Danyliuk.

The Government decided to increase the charter capital of the Privatbank by 116.8 billion Hryvnas based on the proposal of the National Bank, but only 107 billion Hryvnas were allotted in 2016 to buy the bank shares.

The increase of the charter capital of the Privatbank is designed as the issue of domestic state bonds to be changed against the bank shares.

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