The head of the NBU believes that PrivatBank, Ukraine will lose up to 30 billion hryvnia

Valeria Gontareva

© AP Photo/Sergei Chuzavkov

WASHINGTON, April 21. /Offset. TASS Andrey Shitov/. Echoes of the dispute on nationalization of PrivatBank in Ukraine has come to the United States. The theme was one of the key speech of the head of the National Bank of Ukraine Valeria Gontareva at the Atlantic Council in Washington. The head of the NBU believes that due to irregularities in the Ukrainian PrivatBank, the Treasury will incur additional damages in the amount of 30 billion hryvnia.

The easiest way to Rob a Bank

Hontareva, and speaking with it experts Francis Malige at the European Bank for reconstruction and development (EBRD) and the canadian lawyer of Ukrainian descent Daniel Bilak led the situation with PrivatBank as a good example of those “Augean stables”, which the NBU has had in recent years to rake in the banking system of the country. According to them, the Bank’s assets in the amount of approximately $5.6 billion was simply stolen by the former owners, with the result that the government had to nationalize systemically important Bank in the interests of investors – millions of individuals and thousands of companies and firms.

“Rob the Bank easier with a gun at the window of the cashier, and in the master position,” commented Malige, who is now a member of the Supervisory Board of PrivatBank.


However, earlier in the day in Ukraine in the press got information about the audit PrivatBank conducted by reputable foreign firm Ernst & Young and that her report does not confirm the findings of the NBU.

The first question Gontareva at the Atlantic Council of the United States was asked by a reporter of the Ukrainian TV channel “1 + 1” on this theme. “Does this mean that there was a seizure of the Bank? – asked the reporter. And where in this case happened to those $5.6 billion?”

Response Gontareva

In response primarily Gontareva stressed that the channel “1 + 1” belongs to oligarch Ihor Kolomoisky, i.e. the former owner of PrivatBank. “Look at what is happening, she said. Even in downtown Washington you see like that.”

“Report of Ernst & Young are not yet published, – continued the head of the NBU. – Of course, as the head of the Central Bank of the country, I’ve seen the preliminary results. And the situation is even worse than it seemed before. 143 billion (USD) is not all of the losses that will have to incur to our state because of irregularities in the Bank”.

“We are talking about 16 billion UAH, – said Gontareva. – At random, but with knowledge I would have assumed that the state will have to invest in this Bank has 30 billion hryvnia.”

However, according to her, the final course of action will be determined by it after consultation with the leadership of the Ministry of Finance of the country. And the official result of the audit, she said, are expected “at the end of this month.”

Money is not likely to return

During the statement Maliga asked if we could return huge amounts of money lost by Ukraine in a situation with PrivatBank. But a clear answer has not followed.

“Of course, you can try, – said the expert. – When the money thus vanish, they are always difficult to return”. Then began a discourse about the role in such work of financiers and lawyers.

The Resignation Of Gontareva

It is known that before the trip to Washington, the head of the NBU resigned. However its statement should be approved by the Verkhovna Rada. But the organizers of the meeting at the Atlantic Council told TASS that the issue of resignation and decided that even known successor Gontareva to the post of the head of the Ukrainian Central Bank. To name they, of course, refused.

Leave a comment

Confirm that you are not a bot - select a man with raised hand: