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 NBU forced Privatbank to include UIA planes and Bukovel resort on its books, - Hontarieva

The National Bank of Ukraine forced the former Privatbank shareholders to enter the aircraft of Ukraine International Airlines carrier and the ski resort "Bukovel" in the company's accounts.

As reported by Censor.NET citing Ukrainski Novyny, this was announced by NBU Head Valeriia Hontarieva on air of Radio Vesti.

"Unfortunately, when we came, many loans to refinance Privatbank had already been issued. During my tenure in the 2014-2015 crisis, we allocated about 9 billion hryvnia ($330.727 million) to refinance Privatbank. I can give my word for each collateral and personal guarantee of Kolomoiskyi [Ihor, Privatbank's former major shareholder] - ed.] that we received. They pledged good assets: UIA planes, Bukovel resort. After that, we wanted Privatbank to include these assets on its books. We finally forced them to enter the assets worth 31 billion hryvnia in their accounts," she said.

Read more: Privatbank's former owner Kolomoiskyi on its nationalization: "I would like to thank Cabinet of Ministers and Volodymyr Hroisman personally"

However, Hontarieva is not sure these pledges are still on the company's books.

"See, they entered one collateral in their records and removed the other. This is called fraud...," Hontarieva stressed.

She explained that Kolomoiskyi personally pledged to reimburse the NBU's unpaid loans with all his businesses.

Read more: US Ambassador Yovanovitch called Kolomoiskyi during negotiations on Privatbank nationalization, - media

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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