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NBU approves UAH 1.2 billion bailout for Dnipropetrovsk's PrivatBank
Journal Staff Report

KIEV, March 16 – The National Bank of Ukraine has issued a resolution to support liquidity of PrivatBank (Dnipropetrovsk), the largest Ukrainian bank, and to provide a new sum of the stabilization credit of UAH 1.215 billion for two years to ensure the timely fulfillment of the bank's liabilities to depositors-individuals.

"Aircraft and the guarantee of the holder of a large stake in public joint-stock company PrivatBank were used as collateral of the NBU refinancing credit," reads a report posted on the NBU website.




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