The National Bank of Ukraine has extended a stabilization loan worth UAH 1,220 million with a maturity of two years to PRIVATBANK PJSCCB.
The decision to provide liquidity support to this bank was approved by the Board of the National Bank of Ukraine (Resolution No. 230/BТ, dated April 10, 2015) to ensure that PRIVATBANK PJSCCB meets its obligations to individual depositors on time.
PRIVATBANK PJSCCB has pledged the aircraft as collateral against the refinancing loan from the National Bank of Ukraine. The collateral appraisal has been carried out by one of the leading international audit companies that meet the criteria set forth in the NBU regulations.
The reason behind the decision by the regulator to shore up PRIVATBANK PJSCCB is that the bank accounts for 27% of all household deposits and 15% of all the assets within the domestic banking system. Furthermore, this financial institution is the largest bank in Ukraine that has the status of a specialized savings bank, with household deposits accounting for over 50% of the bank's liabilities.
The National Bank of Ukraine once again emphasizes that there were no reasons for the customers and partners of PRIVATBANK PJSCCB to have concerns as this financial institution has the professional management team, operates in a sound manner, meets the prudential ratios and requirements set by the regulator, ensures a smooth settlement process, and has an approved recapitalization plan and the support from shareholders.