The Ministry of Finance of Ukraine at the end of 2016 PrivatBank capitalized on 107 billion. This was reported in the Bank, commenting on the new year the decision of the international rating Agency Fitch Ratings to downgrade the financial institution.
“In December, the Ministry of Finance of Ukraine carried out payment of shares of PrivatBank in the amount of 107 billion, and the positive results of the recapitalization of the Bank, including through the issuance pegged to the U.S. dollar t-bills will allow the Bank to provide liquidity of its currency obligations and in the subsequent revision of the expected ratings to the sovereign level,” – said in “Private”.
As reported, the Cabinet of Ministers on 18 December adopted a decision on nationalization of PrivatBank. The issue volume of bonds of internal state loan for these purposes was estimated to be within 116,8-148 billion.
According to Finance Minister Alexander danyluk , the capitalization of PrivatBank will be carried out using not only government bonds in national currency, but also index government bondsto cover the unbalanced currency position of the Bank.
