Ukrtransnafta's deposits to be transferred from PrivatBank to state-run banks

16:39, 02.02.2016 1 min read

Public joint-stock company Ukrtransnafta will transfer its deposits from accounts at PrivatBank (Dnipropetrovsk) to state-run financial institutions, Ukrtransnafta Director General Mykola Havrylenko has said.

"Under the current regulations we will be obliged to transfer the money to the accounts of bank listed in the documents of the National Bank of Ukraine (NBU)," he told reporters in Kyiv on Tuesday.

He said that the regulations defined by the NBU oblige the company to place deposits at banks with a state stake of no less than 70%.

Havrylenko said that current accounts and some deposits of Ukrtransnafta are opened at state-owned Oschadbank and Ukrgasbank, and the term of return of deposits placed at PrivatBank ends in March. He said that the deposit rates in the Dnipropetrovsk bank are market rates.

As reported, former head of Ukrtransnafta Oleksandr Lazorko in the period when he was suspended from the post of the company's head opened some deposits at PrivatBank.

Ukrtransnafta, which is 100% managed by Naftogaz Ukrainy, is the operator of Ukraine's oil transportation system.