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 Of 15.2B hryvnia in Privatbank accounts, 2B were withdrawn through ATMs yesterday, - NBU

The National Bank of Ukraine claims Privatbank has 15.2 billion hryvnia in its correspondent accounts.

NBU Deputy Head Kateryna Rozhkova said at a briefing, Censor.NET reports citing Ukrainski Novyny.

She announced that the National Bank on Monday refinanced Privatbank with 15 billion hryvnia.

Read more: Privatbank becomes formally public tomorrow, final charter registration underway in Dnipro City, - National Bank

Rozhkova also said that all bank ATMs are filled with cash and operate smoothly.

She added that on Dec. 19 the amount of funds withdrawn with the help of Privatbank cards made some 2 billion hryvnia with the bank still having 15.2 billion hryvnia in its accounts.

Read more: Privatbank may be put up for sale in six months, - Minister Danyliuk

"Over the past day, people withdrew 2 billion hryvnia from Privatbank ATMs. We don't know yet how much money was withdrawn from other banks' ATMs. But we have to receive this information from payment systems upon inquiry. This amount exceeds the average withdrawal volume in normal days," 112 Ukraine reports quoting Rozhkova.

On Dec. 18, the Cabinet of Ministers announced its decision to nationalize Privatbank, the largest privately-held bank of Ukraine. The government intends to issue 30-year domestic government loan notes worth 150 billion hryvnia ($5.54 billion) and become a 100-percent owner of the bank. The bank's first deputy CEO announced the decision was made after an unprecedented information attack on the bank and a threat it posed to its clients. The bank's leadership assured the clients their savings will be safe, naming it the key condition in the talks. In his turn, Minister of Finance Oleksandr Danyliuk confirmed the clients' money will be safe and protected by the state. Due to the nationalization procedure, Privatbank halted corporate transactions for one day, till 9 a.m. Dec. 20.

According to the National Bank of Ukraine, Privatbank needs 148 billion hryvnia in additional capitalization. The finance minister said that after Privatbank is stabilized, the state plans to sell it. In turn, President Poroshenko said the state guarantees safety and integrity of the client's funds.

On Dec. 19, the National Bank of Ukraine allocated 15 billion hryvnia to maintain the liquidity of Privatbank.

The decision on the Privatbank nationalization has been supported by IMF, EBRD, the G7 countries, the EU and the U.S.

Minister Danyliuk claims the bank was made insolvent and those guilty should be held accountable.

The Ministry of Finance will issue treasury bonds worth 116.8 billion hryvnia to refinance Privatbank. According to NBU Head Hontarieva, the amount will be attributed as a public debt.
 
 
 
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