PrivatBank to challenge court ruling on illegitimacy of bail-in procedure
PrivatBank is going to appeal a ruling by Kyiv's district administrative court, which found it illegal to forcibly swap PrivatBank's certain obligations for shares of an additional issue by the bank, the so-called bail-in procedure.
"The decision of the court of first instance will be appealed by us, and we will prove our position," PrivatBank CEO Oleksandr Shlapak told journalists in Kyiv on Wednesday.
According to him, the claims brought against the bank are about UAH 1 billion in liabilities to the Surkis family and about UAH 360 million in liabilities to the former shareholders of the bank.
At the same time, Shlapak recalled that the bail-in operation had been handled by the Individual Deposits Guarantee Fund under the leadership of the National Bank of Ukraine (NBU).
"We had previously agreed that further litigation over this operation would be handled and supervised by the NBU," Shlapak added.
Advertising
Advertising
MORE ABOUT
EBRD provides $25 mln trade finance limit to PrivatBank
12:50, 14.03.2024
Court rejects Boholiubov's claim, reaffirms legality of PrivatBank nationalization
09:59, 28.11.2023
Court of Appeal confirms lawfulness of PrivatBank's nationalization – NBU
12:56, 15.11.2023
PrivatBank triples net profit in nine months of 2023 compared to last year’s result
20:02, 01.11.2023
PrivatBank approves first leasing under program with John Deere for Stavrovsky agricultural company
20:44, 27.10.2023
LATEST
Number of transfers via NovaPay up by 18%, transactions by 24% in Q1 2024
19:32, 01.05.2024
McDonald's plans to expand partnership projects with filling stations
13:54, 01.05.2024
McDonald's preparing to renovate restaurant near train station in Kyiv, looking for site next to Lviv train station
12:57, 01.05.2024
Share of home purchase transactions on installment terms reaches 95% – DIM Group
10:43, 01.05.2024
Pharmaceutical firm Darnitsa could attract loans of up to UAH 5 bln within one year