KIEV, Dec. 20 – The decision of the government and the National Bank of Ukraine on the nationalization of PrivatBank "is an important step to preserve Ukraine's financial stability, increase confidence in the banking system and provide equal treatment for all bank requiring recapitalization," reads a report on the website of the World Bank.

"Going forward, the World Bank considers it critically important to put in place professional management and an independent supervisory board to effectively restructure PrivatBank, safeguard depositors, and minimize costs to taxpayers," the report reads.