Statement on the additional capitalization of the Privatbank

4/21/17

Presently, the audit company, the management board and the supervisory board of the Privatbank are closely cooperating to determine the real need of the Privatbank for additional capitalization. It will be calculated soon.

After the audit has been completed, the Ministry of Finance will decide on the possible additional capitalization of the Privatbank striving to minimize the spending of Ukrainian taxpayers’ money.

According to the data of the National Bank of Ukraine, in the end of 2016 the need of the Privatbank for additional capitalization was equal to 116.8 billion hryvnas. The state provided the necessary funds in full scope.

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