: :inin Kyiv (EET)

Finance Ministry introduces new Head of PrivatBank, forms Supervisory Board

Minister of Finance of Ukraine Oleksandr Danyliuk presented to the staff of the state-owned Privatbank the new head of the Board, former Finance Minister Oleksandr Shlapak.

The ministry has set the task before the new head of the Board to further develop the bank, Danyliuk told a press conference Thursday.

”The Bank should become an example of how to develop and compete,” said the minister.

In addition, Danyliuk said that the Finance Ministry had formed a Supervisory Board of the state-owned bank, which includes two representatives of the state, representatives of international financial organizations, as well as international banking experts.

In turn, Shlapak said that he had previously worked in this financial institution and is excited to get back to the bank.

According to him, the bank will continue to provide traditional banking services and will also be engaged in state projects.

”As before, PrivatBank will offer its traditional products, for which it is famous. But in addition, we also intend to compete seriously with the rest of the state-owned banks in terms of working on government projects. The state budget for 2017 provides UAH 100 billion for various projects. We will be offering the Minister of Finance and the government some very competitive products for the implementation of these projects,” Shlapak said.

As UNIAN reported earlier, the Cabinet of Ministers at its extraordinary meeting on Sunday, December 18, decided to transfer Ukraine`s largest bank, 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.

December 19, National Bank provided a nationalized Privatbank with a UAH 15 billion refinancing loan.


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