PrivatBank has recently issued a new claim in the Cypriot courts seeking damages of US$5.5 billion in respect of schemes bearing all the hallmarks of fraud and money laundering which […]
PrivatBank
PrivatBank’s head calls on Zelensky to stand behind lender’s rescue or risk capital flight
Ukraine is at risk of capital flight and a plummeting currency unless President Volodymyr Zelensky stands behind the clean-up of the country’s biggest lender, the bank’s chief has warned, ft.com […]
SBU asked PrivatBank to stop filing new lawsuits against former owners
With PrivatBank’s new management pursuing hundreds of millions of dollars in claims against the bank’s former owners in London, Tel Aviv and Delaware, the State Security Service, or SBU, has […]
Fitch affirms 4 Ukrainian state-owned banks’ ratings
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of JSC CB Privatbank (Privat), JSC State Savings Bank of Ukraine (Oschad), JSC The State Export-Import Bank of Ukraine (Ukrexim) […]
PrivatBank initiated new $600 mln claim against former owners
PrivatBank initiated a new $600 million claim in Tel Aviv District Court against its former owners and other defenders, according to the press service of PrivatBank, Ukrinform reports. “The bank […]
NBU board reports attack by the former PrivatBank owner Kolomoisky
The board of the National Bank of Ukraine [NBU] has stated that an attack on the NBU, which has been going on for several weeks, is being carried out by […]
PrivatBank reported $1,7 billion in profits in the first 10 months of this year
PrivatBank, Ukraine’s largest bank, recorded the hryvnia equivalent of $1.7 billion in profit in the first 10 months of this year, double the level during the same period last year. After […]
Kolomoisky claims that he will get PrivatBank back soon
Oligarch Ihor Kolomoisky expects that PrivatBank CB JSC will be returned to him in the near future. “The International Monetary Fund knows that PrivatBank will be returned (to me) in […]
IMF deal is stalled because of Zelensky
An IMF deal is stalled because Fund staff members are not convinced President Zelensky will try to recoup the $15 billion stolen from banks closed during the 2014-2015 financial crisis, according […]
EBRD wants to see an end of the mixed signals on PrivatBank
Alain Pilloux, the vice president of EBRD of the largest foreign investor in Ukraine, told the investment conference in Mariupol that mixed signals on PrivatBank must stop, ubn.news reports. “The […]
PrivatBank wins appeal in lawsuit against former owners
Ukraine’s PrivatBank won an appeal in a lawsuit that allows the country’s largest lender to pursue claims against its former owners in a London court, PrivatBank said. The Court of […]
PrivatBank posts a record profit of $1.11 bln
PrivatBank posts a record profit of $1.11 billion in the first nine months of 2019, according to Board Chairman Petr Krumhanzl. Commissions netted the bank $539 million in revenue while interest […]
IMF will not tolerate the denationalization of PrivatBank
Is PrivatBank “too big to reverse” its nationalization? Many believe that the answer is “Yes”. Because it appears to be most certain that the International Monetary Fund will freeze its […]
PrivatBank shed more than $300 million after nationalization ruled illegal
Ukraine’s PrivatBank shed more than $300 million of deposits after a Kiev court ruled in April that the nationalization of the country’s largest lender was illegal, the bank’s finance chief […]
