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 1.5-1.7B hryvnia withdrawn from Privatbank ATMs daily, - NBU

The volume of cash withdrawals from Privatbank ATMs reaches 1.5-1.7 billion hryvnia ($54.891-62.210 million) daily.

NBU First Deputy Head Yakob Smolii said it on air of 112 Ukraine, Censor.NET reports citing Ukrainski Novyny.

According to Smolii, Privatbank is now operating normally without technical problems.

Read more: Of 15.2B hryvnia in Privatbank accounts, 2B were withdrawn through ATMs yesterday, - NBU

"We note a stable operation of the bank, there are no problems... The volume of cash withdrawals from ATMs is at the level that was prior to the Privatbank's transition into the state ownership. At present, they make 1.5-1.7 billion hryvnia," Smolii said.

He added that the National Bank continues to support the bank's liquidity.

In particular, yesterday, Dec. 20, ATMs were replenished with 5 billion hryvnia, 1.5 billion hryvnia has been added today.

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

According to Smolii, the forecasts for a decrease in the volume of cash withdrawals come true.

"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 We don't know yet how much money was withdrawn from other banks' ATMs.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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