​NBU Decides To Provide Stabilization Loan Of UAH 800 Million To PrivatBank

The National Bank of Ukraine has decided to provide a stabilization loan of UAH 800 million to PrivatBank, one of the largest banks in Ukraine, the press service of the NBU said, передаёт «ukranews.com».

The NBU made the decision on March 27.

The stabilization loan will be provided for two years to enable the bank to fulfill its obligations to private depositors promptly.

PrivatBank provided aircraft and guarantee from a major shareholder as collateral for the loan.

One of the conditions for provision of the loan is that it should be used exclusively for fulfillment of the bank's obligations to private depositors.

As Ukrainian News earlier reported, businessmen Ihor Kolomoiskyi and Hennadii Boholiubov each own 36.9781% of the shares in PrivatBank, and Triantal Investments Limited (Cyprus) owns 16.2333%.

PrivatBank's profit fell by a factor of 2.5 to UAH 749 million in 2014.

According to the NBU, PrivatBank was the largest of the 158 banks operating in Ukraine in terms of assets (UAH 204.585 billion) as of January 1.