23 Oct 2019 19:33

No reason to return state-owned PrivatBank to former shareholders - Ukrainian presidential office

KYIV. Oct 23 (Interfax) - Whatever court rulings have been delivered, there are no grounds to return PrivatBank to its former shareholders, the Ukrainian Presidential Office said at a meeting with the ambassadors of the G7 countries.

"Having made a decision on nationalization, the state invested UAH 155.3 billion in PrivatBank, which allowed to save the funds of Ukrainians. We believe that notwithstanding the decisions of the courts, there is no reason to return the state-owned PrivatBank to its former shareholders," a statement published on the Ukrainian presidential website following the meeting on Wednesday said.