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Finance minister: Government to borrow to bolster PrivatBank capital
Journal Staff Report

KIEV, Dec. 19 – Ukraine intends to make good the shortage of capital of the largest bank in the country – PrivatBank (Dnipro) – for the amount from UAH 116.8 billion to UAH 148 billion, Finance Minister Oleksandr Danyliuk said.

"The shortage of capital will be liquidated in several stages. At the first stage the Finance Ministry will issue bonds worth UAH 43 billion… The largest sum of additional capitalization will be UAH 148 billion and the minimum sum – UAH 116.8 billion," he said at a briefing on Monday.




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