Former owners of Privatbank Igor Kolomoysky and Gennady Bogolyubsky sent a letter to the Cabinet of Ministers of Ukraine with a request for the nationalization of the credit institution and pledged to facilitate it, as well as not to pressure the state authorities and the new leadership, not to interfere with future activities. The message was published on the official website of the Ministry of Finance of the country.
Shareholders urge the government to take "a positive decision on the further capitalization of the bank". What was done to avoid bankruptcy of the bank, noted in the Finance Ministry.
The period to which Kolomoisky and Bogolyubsky committed to ensure the restructuring of the Bank's loan portfolio unilaterally to cover state losses. However, there has been no significant progress in this ".
To accelerate the process of negotiations on restructuring, the Ministry of Finance attracted a consortium of companies Rothschild, EY and FinPoint.
Earlier, on December 18, 2016. At a meeting of the Cabinet of Ministers of Ukraine, a decision was made to include the state in the capital of Privatbank. According to him, 100% of the bank's shares belong to the state represented by the Ministry of Finance.
The nationalization of this credit institution was a necessary step for its salvation and ensuring financial and economic stability in Ukraine. Indeed, the withdrawal from the market of the largest bank in the country, where more than 20 million Ukrainians hold deposits and through which more than 60% of all retail payments take place, could lead to destabilization of the country's financial system and have a significant negative impact on the economy as a whole.