Dec 14 Ukraine’s largest lender,
Privatbank, said on Wednesday that reports it will be
nationalised were attempts to create panic and destabilise the
political situation in the country.
Local media has speculated that Privatbank, which is
part-owned by billionaire Ihor Kolomoisky, could be privatised
if it does not meet a year-end deadline for Ukraine banks to
reach a capital ratio requirement agreed under an International
Monetary Fund bailout programme.
Privatbank has been in particular focus because with $6
billion in private deposits – 36.5 percent of Ukrainian banks’
total – it is considered too big to fail.
The bank’s deputy chairman, in a statement issued to address
media speculation, said its customers had receiv…
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