The Kyiv Administrative Court of Appeals on November 6 obliged PrivatBank to return UAH 1.05 billion, $266,200 and EUR7,800 to the Surkis family, the press service of the National Bank of Ukraine (NBU) has told Interfax-Ukraine.

The NBU filed a cassation appeal to the Higher Administrative Court of Ukraine and appealed to the court with the request to stop the execution of the decision until the dispute is settled in the cassation instance.

"We believe that the courts of the first and appellate instances violated the procedural legislation, ignored the evidence in the case and made an unjust ruling. At the moment, the possibility of applying to the Supreme Council of Justice is being studied," the NBU spokesman said.

At the same time, he stressed that the decision on the entry of the state into the capital of PrivatBank, adopted in December 2016, is a justified and lawful decision implemented in accordance with the law of Ukraine on the system of guaranteeing individuals' deposits, Article 41.1.

"This decision allowed not only to protect more than 20 million citizens of Ukraine who keep funds in this bank and use its services, but also avoid systemic risks for the banking sector, which became the key to maintaining financial stability in the country," the regulator said.

As reported, Ihor Surkis and his brother Hryhoriy Surkis, as well as other persons affiliated with PrivatBank, filed 42 lawsuits against the NBU.