NBU allowed “private” to work with the cash reserves of the national Bank

PrivatBank became the second Bank of Ukraine to perform operations with the cash reserves of the National Bank of Ukraine (NBU) by the permission of the latter. About it reports a press-service of the national Bank.

In addition, “PrivatBank” will provide regional banks with cash and receive the excess.

  • See also: Privat and Oschadbank have become competitors.

“Thus, the national Bank continues to delegate part of the functions that it performs in the regions, other market participants – banks, in the framework of the implementation of the concept of the organization of cash circulation in Ukraine approved by the resolution of the NBU Board No. 207-rsh from August 11, 2016, It will gradually move from the partially controlled model of the organization of cash circulation, which now exists in Ukraine, in the delegated model”, – stated in the message.

It is noted that earlier the same status of an authorized Bank, which may be involved in the storage cache controller has received JSC “Oschadbank”.

We will remind, earlier said the Deputy head of the National Bank of Ukraine Kateryna Rozhkova said that before the nationalization of PrivatBank was a pyramid scheme; according to her, the former owners, the financial institution will not return.