11:14 30.03.2015

NBU provides new UAH 800 mln stabilization credits to PrivatBank

1 min read
NBU provides new UAH 800 mln stabilization credits to PrivatBank

The National Bank of Ukraine (NBU) has provided a new stabilization credit of UAH 800 million to the largest bank in the country – PrivatBank (Dnipropetrovsk), NBU said on its website.

"NBU has decided (board resolution No. 202/BT of March 27, 2015) to support liquidity of PrivatBank and provide a new stabilization credit (UAH 800 million) so that PrivatBank is able to fulfill its liabilities to depositors-individuals on time," reads the report.

According to the report, credit funds are provided for the period of two years.

Aircraft and the guarantee of the holder of a large stake in public joint-stock company PrivatBank were used as collateral of the NBU refinancing credit. An international auditing company appraised the assets used as collateral.

PrivatBank has 26% of all deposits of individuals of the banking system and 15% of assets of the banking system, while the credit institution is the largest bank in Ukraine and the bank has specialized saving bank status (the share of individuals' funds is over 50% of the bank's liabilities).

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