The financial institution noted that it has not recognized a reserve for these lawsuits.
In the financial report of PrivatBank stated that against banking institutions were filed various claims amounting to more than 9 billion hryvnia. Part of the claims – in foreign currency.
At the date of preparation of these financial statements against “PrivatBank” have been sued in court in the amount of $ 279 million, 1,579 billion USD and 3 billion euros (9,043 billion hryvnia at the exchange rate on the date of signing these financial statements) – stated in the document.
It notes that “the end result is to determine why the Bank has not recognized a reserve for these lawsuits.”
As at 31 December 2016 was established the reserve for potential legal liabilities in the amount of UAH 36 million, whereas on 31 December 2015, he was UAH 21 million.
With the nationalization of PrivatBank guarantee Fund deposits converted 10,934 billion customer funds, billions of UAH 10,721 issued Eurobonds and 7,783 billion hryvnias subordinated debt.
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