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PrivatBank

PrivatBank

PrivatBank is a the largest commercial bank in Ukraine founded in 1992 by Serhiy Tihipko, Ihor Kolomoyskyi, Henadiy Boholyubov and Gennadiy Bogolyubov.

Privatbank is the eastern bank of Ukraine. Dependence of the rating on all statistical indicators in the industry. It makes up about a quarter of the entire banking system of the country, being a systemically important and vulnerable savings specialized bank that serves a third of the deposits of the country's population.

The main office is located in the city of Dnepr (former Dnepropetrovsk). Has a representative office outside of Ukraine. The PrivatBank brand includes banks: PrivatBank (Ukraine), AS PrivatBank (Latvia) and its branches in Portugal and Italy. There is a branch in Cyprus, as well as representative offices in Beijing and Alma-Ata.

Owns payment service LiqPay.

On December 18, 2016, the Cabinet of Ministers of Ukraine supported the National Bank's proposal to nationalize Privatbank[3].

After the election of Volodymyr Zelensky as President of Ukraine, the former owners of the bank resumed their efforts to reverse the nationalization decision, which caused a sharp reaction from the IMF.

Timeline

December 18, 2016
The bank was nationalized by the government of Ukraine to protect its 20 million customers and to preserve "financial stability in the country".
March 2014
In March 2014 Russia put the Moscow subsidiary of Ukraine's Privatbank "Moskomprivatbank" under temporary administration, according to the Russian central bank to prevent its bankruptcy; but "Moskomprivatbank" chairman said the move was the result of "political tensions in relations"

Products

Patents

Further Resources

Title
Author
Link
Type
Date

Nationalization of PrivatBank Ruled Illegal by Ukrainian Court

Web

April 19, 2019

Nationalization of Privatbank Was Illegal - Kyiv District Administrative Court

Web

May 10, 2019

News - PrivatBank

Web

April 13, 2022

Privatbank continues to operate despite Russian invasion

Web

April 8, 2022

Private story. The rise and fall of the largest private bank in Ukraine

Andriy Yanitsky, Graham Stack

Web

2018

News

Title
Author
Date
Publisher
Description
Tom Arnold
October 15, 2019
IN
PrivatBank won an appeal in a London court on Tuesday that allows Ukraine's largest lender to pursue claims worth billions of dollars against its former owners.
Pavel Polityuk
September 17, 2019
IN
Ukraine's president called on Tuesday for a full investigation into an arson attack that has raised political tensions in a dispute over the IMF-backed nationalisation of the country's largest lender PrivatBank.
Natalia Zinets
June 27, 2019
U.S.
The day after Ukraine elected a new president in April, former central bank chief Valeria Gontareva was summoned for questioning as a suspect in a corruption investigation.
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