Chairperson of the Supervisory Board of PrivatBank Engin Akcakoca does not rule out the possibility of resolving a legal dispute with former owners of the bank out of court, the bank's press service told Interfax-Ukraine on Wednesday, July 11.

"It is easier and better to solve the problem by peaceful means than to try to solve it by fight," a spokesperson for the bank quoted Akcakoca as saying.

At the same time, Akcakoca says PrivatBank has not yet begun negotiations with the former shareholders to resolve the issues on a voluntary basis.

What is more, he says that to successful sell PrivatBank, it is necessary to clean up its loan portfolio from bad loans and, perhaps, the bank will have to be divided to make its assets more attractive.