Today, the ministry has additionally issued domestic government loan bonds worth 16 billion hryvnia in exchange for financial institution shares. According to the website of the Ukrainian financial department, the Ministry of Finance recalls that the decision to pre-capitalize the bank for UAH 38.5 billion was made by the Cabinet of Ministers on June 23, 2017 on the basis of the proposals of the National Bank of Ukraine, taking into account the recommendations of the expert-analytical council on state participation in the authorized capital banks, as well as on the basis of the conclusion of an independent auditor of PrivatBank.
The first tranche of the amount of UAH 22.5 billion was granted to the bank in July 2017.
Recall, the Supervisory Board of PrivatBank on December 18 approved the reassessment of operational and non-operational real estate objects, financial leasing objects and their impact on capital. The results of the revaluation show that the bank was in a worse state than was considered at the time of its transition to state ownership, which necessitated an additional capitalization of UAH 16 billion.
As reported URA-Inform, in December 2016 the government, at the suggestion of the NBU and the shareholders of PrivatBank, the largest of which at that time were Igor Kolomoisky and Gennady Bogolyubov, decided to nationalize this largest financial institution on the country's market of financial institutions. The state received 100% of its capital, and PrivatBank was capitalized to the amount of 116.8 billion hryvnia.