Backsliding on PrivatBank's nationalization threats relations with IMF, - Poroshenko

According to the President of Ukraine, the IMF will respond to any attempts to undermine the independence of the NBU in a hard way.

Censor.NET reports citing President of Ukraine Petro Poroshenko post on Twitter. 

"The reverse [in the nationalization of PrivatBank] will cause the deep crisis in the relations with the IMF with the relevant risks for the macroeconomic stability, for a course and possibly can lead to the new crisis. We cannot allow the return of the threat of the default; however, the ex-owner of Privat is fond of this idea, according to the interview. He says that the development in our country is impossible without default. But I emphasize, I do not like it and I have not been liked it for five years," Poroshenko stated.

Besides, the president noted that the millions of the Ukrainians also do not like the idea of the default.

"It is obvious that the IMF will respond to any attempts to undermine the independence of the NBU in a hard way. Some people already try to rule the NBU, to force chairman to leave his post and change the Board of Directors," the president said.

The Finance Ministry stated that the privatization of the state banks should take place after the fulfillment of some conditions, particularly, the imposing of the new corporate governance and settlement of the problems.

The Economic Court of Kiev is considering a lawsuit of oligarch Kolomoyskyi on invalidation of the contract of sale of PrivatBank shares. Prior to nationalization, Kolomoisky owned 41.6572% of PrivatBank shares, Triantal Investments Ltd - 16.5748% of shares.

In December 2016, the Government of Ukraine, at the suggestion of the National Bank of Ukraine and the shareholders of PrivatBank (at that time the largest shareholders were Ihor Kolomoyskyi and Hennadiy Boholiubov), approved a decision on the nationalization of PrivatBank. The bank was transferred into the state ownership, and the state spent more than UAH 155 billion to increase its capitalization.

In September 2018, the Kyiv District Administrative Court confirmed the validity of the decision taken by the National Bank of Ukraine to classify the PrivatBank as insolvent, rejecting the suit of a bank’s client.

Recently, Kolomoyskyi stated that he hoped to receive compensation for PrivatBank after the elections.

Источник: https://censor.net.ua/en/n3122279