NBU ready to accept PrivatBank insolvent

The abolition of the nationalization of PrivatBank by the court will lead to the return of 155 MLD UAH made by the state in its capital.

Practical implementation of the decision of the court of appeal about the abolition of nationalization of PrivatBank will cancel the relevant decisions of the national Bank and the government and returned by the Bank 155 billion made by the government in the capital. This was stated by the Deputy head of the NBU Oleg Churiy, reports the online edition of the Chronicle.info with reference to Interfax-Ukraine.

“We can fantasize what might happen in case of negative decision of the court of appeal… Capital PrivatBank — 147 billion. If you take 155 billion, will have a huge hole in the capital, or assets. And the national Bank continues to recognize the Bank as insolvent”, — he described a possible scenario for the Swedish-Ukrainian business forum in Kyiv on may 23.

Churi pointed out that in this case, the Bank will be transferred to the guarantee Fund of deposits of physical persons, which will require the government t-bills for the payment of the guaranteed compensation to depositors, and the Fund in turn come for their monetization to the national Bank.

“We are going to have an impact on the foreign exchange market, and inflation”, — said the Deputy head of the NBU. He noted that the national Bank has no right to comment on court rulings, but the events are a risk to the market.

Among other decisions, which casts doubt on the ability of the national Bank responsible for the stability of the hryvnia and the banking system, he called the recognition of the illegal inspections of the NBU.

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