The EU Delegation stated on Facebook.
“In 2016 Ukraine’s international partners supported the decision of the government and the National Bank of Ukraine to nationalize PrivatBank, at the request of former owners, as the only effective method of protecting the bank’s depositors – the Ukrainian people and businesses – and the stability of the financial system,” the statement said.
“And, although it required the injection of about UAH 160 billion in Ukrainian taxpayer funds to restore the bank’s solvency, it secured PrivatBank’s long-term viability, safeguarded the money of millions of Ukrainian citizens, and strengthened the country’s economic health,” the EU is convinced.
“We continue to support the efforts of the National Bank to reform Ukraine’s financial sector. It is important that the authorities continue their efforts to recover losses from former owners and related parties of failed banks,” the statement said.
“Prosecution and court proceedings should make full use of the findings of the Kroll expert report, commissioned by the National Bank. Ukraine’s international partners will be closely monitoring developments in this area,” the statement says.
As The Journalist reported, Kyiv court reverses nationalization of PrivatBank.
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