KIEV, July 5 – Ukraine’s largest bank Privatbank, which was bailed out by the government in December, had acquired a 33% stake in the country’s major ski resort Bukovel, Privatbank Board Chairman Oleksandr Shlapak said.

The stake, which was used as collateral in a defaulted UAH 11 billion mortgage loan, is currently managed by the Bukovel resort, but the bank plans to charge a leasing fee.

"Now we are negotiating with the co-owner, as we have about a third of Bukovel in ownership to transfer it to operational lease,” Shlapak said at a press conference Tuesday. “Nobody else can operate the complex."