PrivatBank
PrivatBank is a state bank in Ukraine that was founded in 1992.
All edits by Oleksandr Semenenko
PrivatBank
The largest commercial bank in ukraineUkraine
PrivatBank (Ukrainian: ПриватБанк) is the largest commercial bank in Ukraine, in terms of the number of clients, assets value, loan portfolio and taxes paid to the national budget. PrivatBank has its headquarters in Dnipro, in central Ukraine.
On 18 December 2016, the bank was nationalized by the government of Ukraine to protect its 20 million customers and to preserve "financial stability in the country". A forensic audit performed by Kroll showed that the bank had been subject to large scale coordinated fraud before nationalisation resulting in losses of at least US$5.5 billion.
PrivatBank was the first in Ukraine to connect Apple Pay.
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