The National Bank is spending billions from the budget to save Kolomoisky’s bank from bankruptcy
The NBU provided Privatbank with a stabilization loan of UAH 1,2 billion for a period of two years.
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This was reported by the NBU press service.
The decision to support the liquidity of this bank was made by the Board of the National Bank of Ukraine (Resolution No. 230 / BT dated April 10, 2015) in order to ensure the timely fulfillment of its obligations to depositors.
The National Bank noted that Privatbank provided aircraft of its UIA airline as collateral for the loan.
Justifying this decision, the NBU says that they cannot allow Privatbank to go bankrupt, since it contains 27% of the volume of deposits of individuals in the banking system and 15% of the assets of the domestic banking system, and it itself is the largest bank in Ukraine and has the status of a specialized savings bank.
Let us remind you that this is the second loan issued to Privatbank. The first was last week, when the National Bank of Ukraine provided another stabilization loan amounting to UAH 695 million to PJSC CB Privatbank. The loan was also issued for a period of two years.
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