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                        THURSDAY, MARCH 28, 2024
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Audit report reveals funding shifts as Privat Bank was going under
Journal Staff Report

KIEV, April 24 – Privat Group, the former owner of which is businessman Ihor Kolomoisky, in a report on profit and losses and other revenue for 2016 admitted spending on reserves for depreciation of credits and advance payments to clients in the amount of UAH 144.713 billion, according to a draft audit report of Ernst & Young (E&Y) posted by creative producer of the journalist investigations department of 1+1 TV channel and Groshi television program Oleksandr Dubynsky on his Facebook page.

According to the draft audit report, in 2016 the Privat Bank admitted UAH 1.363 billion of expenses on settling financial liabilities, including interest, loss from hryvnia devaluation for the previous reporting periods.




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