The state has no money for recapitalization
The recapitalization of the nationalized PrivatBank need another 38.5 billion UAH.
Free money from the state, so they will occupy in the domestic market.
In the relevant resolution of the Cabinet stated that the Ministry of Finance takes part in the capital increase by purchasing additional shares of “PrivatBank” in the amount of 38 billion UAH 565 million in exchange for bonds of internal state loan. Securities of the Ministry of Finance will release in 17 years with an interest rate of income to 9.8% per annum.
Meanwhile it became known that the Head of “PrivatBank” has filed a letter of resignation the Head of “PrivatBank” has filed a letter of resignation the head of “PrivatBank” Oleksandr Shlapak after six months of tenure and decided to resign.
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