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Ukraine Nationalizes Its Largest Bank, Which Holds 36% Of All Domestic Deposits
12-19-2016, 06:23 AM,
#1
Ukraine Nationalizes Its Largest Bank, Which Holds 36% Of All Domestic Deposits
Ukraine Nationalizes Its Largest Bank, Which Holds 36% Of All Domestic Deposits

<p>It was just a few short days ago, on Wednesday of last week, that Ukraine's largest lender, PrivatBank, said that reports it will be nationalized were attempts to create panic and destabilize the political situation in the country. Local media quoted by Reuters, has speculated that Privatbank, which is part-owned by one of Ukraine's richest men, billionaire Ihor Kolomoisky, could be privatized if it does not meet a year-end deadline for Ukraine banks to reach a capital ratio requirement agreed under an International Monetary Fund bailout program, Reuters reported.</p>


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