Bank nationalized
Print Edition
UKRAINE is nationalizing its largest bank following concerns over its stability in a move welcomed by the International Monetary Fund and the European Union.
The Cabinet agreed late on Sunday to move PrivatBank into full state ownership, saying the move was carried out “in close coordination with international financial organizations” and with the consent of PrivatBank’s owners. It was an apparent reference to the oligarchs Ihor Kolomoisky and Hennady Boholyubov, who together control over 90 percent of the bank. Ukrainian President Petro Poroshenko said in a statement yesterday that the decision “saved both the bank and the banking system” in Ukraine.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
