Statement on the Ministry of Finance regarding the business dispute involving the Ukrgazbank

8/4/16

The Ministry of Finance of Ukraine is expecting the business dispute involving the Ukragazbank to be settled in court as soon as possible.

We emphasize that any business disputes including those which involve public entities must be settled in a legal action only.

The Ministry of Finance of Ukraine is certain that this situation will in no way affect the stable operations of the Ukrgazbank and its reliability as a financial institution.

As of August 4, 2016, the funds on the Ukrgazbank’s correspondent account at the National Bank of Ukraine and on correspondent accounts at other banks were almost equal to 11 billion hryvnas.

The Ukrgazbank fully meets its obligations towards its customers and fully complies with the economic requirements of the National Bank of Ukraine regarding its liquidity and capital.

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