"PrivatBank" before nationalization was a financial pyramid - NBU

12 July 2017, 23:06 | Economy
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There were no resources for the return of deposits. PrivatBank was a financial pyramid. This was on Wednesday, July 12, during a working meeting of the parliamentary committee on financial policy and banking activities, said the deputy head of the National Bank of Ukraine Ekaterina Rozhkova.

According to her, the audit of the financial statements of the bank under IFRS for 2016, conducted by EY, showed the volume of the bank's depreciated loans at 206.5 billion hryvnia. Of these, only a small part - UAH 14.9 billion - were loans to individuals, as well as to small and medium-sized enterprises.

At the same time, the amount of people's funds in the bank at the time of nationalization was 151.2 billion hryvnia, "she explained..

Recall, the head of "PrivatBank" Alexander Shlapak during a press conference on July 4 said that the real volume of loans to related persons as of January 1, 2017 was 190 billion hryvnia, or 97% of the total loan portfolio of the financial institution.

As reported URA-Inform, the chairman of the board of "PrivatBank" Alexander Shlapak filed an application for dismissal.




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