18:05 27.03.2015

NBU ready to continue refinancing PrivatBank

1 min read
NBU ready to continue refinancing PrivatBank

The National Bank of Ukraine (NBU) is ready to continue to support Ukraine's largest bank PrivatBank (Dnipropetrovsk) with refinancing, but believes that its clients have no reason to worry, according to a post on the NBU's Facebook page.

"The bank's customers and partners have no reason for concern in relation to the dissemination of false information on the activities of the financial institution ... PrivatBank is a stable operating system bank with professional management, its performs the regulator's standards and requirements," reads the statement issued by the NBU.

According to the NBU, PrivatBank has an approved plan of additional capitalization and support from its shareholders.

At the same time, PrivatBank adheres to the relevant norms for uninterrupted customer service.

"PrivatBank is systemically important for the financial system and the largest specialized savings bank, as its market share of individuals' deposits exceeds 26%. In view of this, the National Bank will continue to support it if necessary, including by providing refinancing loans," reads the report.

Refinancing, according to the NBU, will be used to fulfill obligations to individuals.

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