KIEV, Dec 19 – President Petro Poroshenko said that the situation with PrivatBank (Dnipro) was a threat to Ukraine's entire banking system.

"A threat to the bank and the whole Ukrainian banking system has appeared. It is obvious for us. Our key financial partners – IMF [International Monetary Fund], World Bank, EBRD [European Bank for Reconstruction and Development] and others – have expressed their serious alarm with this situation in the past six months," the president said in his address to Ukrainians.

The president said that the only way to save the bank and guarantee safety of funds of its clients is the bank's transfer to state ownership.