The nationalized "Privatbank" will be able to sell not earlier than five years and perhaps not a controlling stake, said the head of the National Bank of Ukraine Valery Gontarev.

"Privatbank" should focus on retail activities and work with the population and small and medium-sized businesses, then in five years it can be sold to a strategic investor, or he can hold an IPO, "Gontareva said, FinClub reported..

Recall that the government allowed the Ministry of Finance to attract the International Company, which will help reform the state-owned banks.

The Ministry of Finance has completed work on the draft law on state banks, the adoption of which is stipulated by the program of cooperation with the IMF and the strategy of reforming state banks submitted last year.

As the "Zeraklo of the Week" wrote, negatives in the activities of state banks have already been transformed into quite realistic threats for the activities of not only large financial institutions, but the entire banking system of Ukraine.