Ukrainian Finance Minister: PrivatBank resumes all payment services for entrepreneurs, legal entities

The nationalized PrivatBank has resumed all payment services for individual entrepreneurs and legal entities, Ukrainian Finance Minister Oleksandr Danyliuk wrote on Facebook.

”PrivatBank has resumed payments for individual entrepreneurs and legal entities, as expected. The first payment has just passed. All payments initiated yesterday will be implemented today. In order to pay all taxes and charges, and to avoid penalties, today`s operational hours will be extended,” Danyliuk said.

Earlier, PrivatBank reported that all previously suspended operations with corporate accounts will be resumed immediately as soon as the new management of the bank takes up their duties.

As UNIAN reported earlier, the Cabinet of Ministers at its extraordinary meeting on Sunday, December 18, decided to transfer PrivatBank to 100% state ownership. The decision was made based on the results of the meeting of the National Security and Defense Council on the proposal of the National Bank of Ukraine.

Minister of Finance Oleksandr Danyliuk pointed out that PrivatBank would continue its operations as usual, and the new management team will be formed in the coming days. At the same time, he noted that the bank`s capital increase will take place in several stages. The maximum amount of capital increase will be UAH 148 billion, while the minimum amount will be no less than UAH 116 billion.

Also, Deputy Head of the NBU Yakov Smoliy said that the decision to nationalize PrivatBank had not affected the banking system and posed no significant threats to the financial stability of the State.

Earlier, both the President of the European Bank for Reconstruction and Development, Suma Chakrabarti, and Chief of the International Monetary Fund Christine Lagarde expressed support for PrivatBank nationalization.

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