KIEV, Jan. 5 – Ukraine's Finance Ministry injected an additional UAH 107 billion into PrivatBank (Dnipro), Fitch Ratings said in a press release.
At the end of the year Fitch Ratings downgraded ratings of the financial institution.
Fitch said that in December the Finance Ministry paid UAH 107 billion for shares of PrivatBank. The positive results of the additional capitalization of the bank, including thanks to the issue of currency pegged government domestic loan bonds, would help the bank to provide for liquidity of its currency pegged liabilities and expect that the bank's ratings would be revised upwards to the sovereign level during the next revision by Fitch.
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