PrivatBank is no longer private

PrivatBank is no longer private

22.12.2016 News

On December 18 at 23:30 p.m. it was  posted the information on the site of the Governmental portal of Ukraine  that on  December 19, 2016, the PJSC Privatbank goes into 100 % ownership of the state. The text of the statement  also reports  that the decision was made at the meeting of the Cabinet of Ministers of Ukraine on Sunday. According to the original source, the nationalization of financial institution is aimed at stabilizing the financial system of Ukraine.

In addition, it is also pointed in the document  that the initiative of the National Bank received the support of representatives of National Security and Defense Council of Ukraine.  It should be noted that the specific reasons for the nationalization of the largest bank in Ukraine are not indicated in the document. On the other hand, the authorities assure  that the transfer of PrivatBank under the  state control will not affect neither the progress of the company nor the customers to dispose freely their bank accounts.

Recall that on Friday our editors asked the PrivatBank to comment on a heated situation around the financial institution. Thereat the representatives of the bank assured that the nationalization will not happen. Perhaps such actions were associated with the need to ensure the stability of the banking system, and the desire to protect the population from panic. However,  for now we have the fact of the PrivatBank’s transition in state ownership, which causes even more questions, but to the government.

 Also read: PrivatBank deflated the  rumors about nationalization

Other articles

  • Poland postponed the beginning of the exploration of gas in Ukraine
    News

    Poland postponed the beginning of the exploration of gas in Ukraine

    Polish oil and gas company PGNiG has postponed the start of gas exploration in Ukraine to the first half of 2021, said the head of the company Jerzy Kwentczycki. “PGNiG also intends to participate more actively in projects related to hydrocarbon production in Ukraine. The company plans to start exploring of the natural gas in […]

  • Robot has learned how to cook 19 dishes and will replace some of the staff in the kitchen
    News

    Robot has learned how to cook 19 dishes and will replace some of the staff in the kitchen

    The robotics company Miso Robotics has launched the robot Flippy, which is able to replace part of the staff in the kitchen of the restaurant. “Flippy goes on sale in the midst of the pandemic and supports the cooking of 19 different dishes, including fries and burgers made of the artificial meat of the Impossible […]

  • Ukrainian banks for three months closed 250 branches
    News

    Ukrainian banks for three months closed 250 branches

    In July-September 2020, Ukrainian banks closed 251of the structural subdivisions, reducing the regional network to 7329 branches by October 1. This is stated in the data of the National Bank. Most branches in the third quarter were closed by the state Oschadbank – 166, reducing its total number to 1931. During the same period, the […]

  • In Japan reported about cyberattacks on the vaccine developers
    News

    In Japan reported about cyberattacks on the vaccine developers

    Since April of this year, Japanese companies and organizations involved in the development of the vaccines that protect against coronavirus infection, periodically experience cyber-attacks. This was announced on Monday, October 19, by Kyodo news agency, with the reference to the experts of the American company CrowdStrike, engaged in the cybersecurity. According to experts of the […]

  • J&J reported about the strong quarter
    News

    J&J reported about the strong quarter

    Shares of Johnson & Johnson, which rose till 1.44% over the past week, on Tuesday closed with a decrease of 2.3%, despite on the publication of a better-than-expected Wall Street experts, a report for 3 fin. quarter. Investors are concerned about the potential consequences of ending the large-scale study of the J&J vaccine against COVID-19, […]

  • Johnson & Johnson suspends the study of the COVID-19 vaccine due to unexplained disease in the participant
    News

    Johnson & Johnson suspends the study of the COVID-19 vaccine due to unexplained disease in the participant

    Shares of the Johnson & Johnson may slow because the last stimulus to it was the company’s transition to the final clinical trial of the vaccine against COVID-19 on September 23, after which the shares rose by more than 5%. However, as of Tuesday, before the opening of trading, the price of J&J shares did […]

  • JP Morgan’s net profit for the nine months fell by 39%
    News

    JP Morgan’s net profit for the nine months fell by 39%

    The net profit of one of the world’s largest investment banks JP Morgan Chase (USA) in January-September 2020 decreased by 39% compared to the same period last year and amounted to 16.995 billion dollars, according to the report of the investment bank. Adjusted earnings per share were $ 5.09 against $ 8.15 a year earlier. […]

  • Citigroup’s net profit for the nine months fell twice
    News

    Citigroup’s net profit for the nine months fell twice

    Net profit of one of the largest financial corporations in the world Citigroup Inc. in January-September 2020 fell twice, compared to the same period in 2019 to $ 7.068 billion, follows from the reporting of the corporation. Adjusted earnings per share were $ 2.97 against $ 5.89 a year earlier. The financial giant’s revenue for […]

Read also

PrivatBank is no longer private
News

Mondelis Ukraine will export its products to The EU and the Arab world

Mondelis Ukraine company (Kraft Foods Inc.) has invested $ 9 million in the purchase of new technical equipment for Trostiyanetska chocolate factory and started export of its products in 12 EU countries. The company also plans to increase the quantitative measure of the supply on the European market and in the countries of the Arabian […]

Next
PrivatBank is no longer private
News

The National Bank spent $ 71 million to support the hryvnia

On September 14-18, the National Bank sold $ 71 million in currency on the interbank foreign exchange market. At the same time, the National Bank did not buy foreign currency in its international reserves during the reporting week. Therefore, the National Bank for the first time in the late July sold the currency on the […]

Next
PrivatBank is no longer private
News

Coca-Cola cannot produce kvass in Ukraine during the next two years

The Antimonopoly Committee of Ukraine ordered the Irish “daughter” of Coca-Cola to refrain from the competing with the “Kvass Beverages” company, which it  sold to the Nova Intertrade Ltd company (Belize) for two years. “The European Refreshments company undertakes not to exercise, not to have a stake, and not to contribute to competitive activity in […]

Next
PrivatBank is no longer private
News

Concern Fiat Chrysler is going to be fined for $ 70 million for statement fraud

One of the most famous car companies will get a multi-million fine for concealment of information in the financial statements for regulators. The supervisory authorities in the US announced that they intend to impose a fine on US-Italian concern Fiat Chrysler in the amount of $ 70 million for a significant underestimation of the number […]

Next
PrivatBank is no longer private
News

CISOLAR 2019 submit new opportunities for developing solar energy in Central and Eastern Europe

On April, 16-18 in Kyiv will be held the main business event of region in solar energy field devoted to latest technology, trends and investments opportunities – CISOLAR 2019, 8th International Solar Energy Conference and Trade Show of Central and Eastern Europe. Today solar energy development is one of priority areas for investors in the […]

Next
PrivatBank is no longer private
News

Antimonopoly Committee of Ukraine has fined “Gazprom” for a record sum of $ 85 billion UAH

Antimonopoly Committee of Ukraine has fined the Russian company “Gazprom” for 85 billion UAH  for abuse  of monopoly power. This information was announced by the head of department Yuriy Terentyev on his Facebook. He emphasized that the “Gazprom” is a monopolist in the market of transit of natural gas through main pipelines on the territory […]

Next
PrivatBank is no longer private
News

Amazon has introduced the new payment system of the purchases

The company Amazon announced the launch of a new biometric technology Amazon One, allowing to customers to enter the store and pay for purchases by placing their palm on the scanner. However, users must first associate biometric information with the credit card. And then you can pay by placing the palm. This was reported by […]

Next
PrivatBank is no longer private
News

Booking Holdings and TripAdvisor experienced the worst quarterly losses

The financial results of the quarter, which covers the period from April to June, were most affected by the COVID-19 pandemic, especially in the tourism industry. Many countries have closed their borders, travel conditions have become more difficult, and most travelers have canceled their traditional trips during the hottest tourist season due to concerns about […]

Next
PrivatBank is no longer private
News

In the United States, the victim of hackers was one of the largest companies of the medical services

The computer system of the American medical company Universal Health Services, which has a membership of over 400 medical institutions, has become the object of attack by hackers that demand the ransom. This was reported by CNBC, citing sources from the company’s employees. According to the TV channel, computers in the various institutions of the […]

Next
PrivatBank is no longer private
News

Panasonic invests $ 260 million in a joint project with Tesla

Panasonic Corporation shareholders intend to invest $ 260 million in the  continuation of construction for production of solar plant in the State of New York (Buffalo). This is reported by foreign journalists edition of The Wall Street Journal referring to representatives of the Japanese company. According to official information, the company will be put into […]

Next
PrivatBank is no longer private
Analytics

Investing in the pharmaceutical sector: what is the formula for success?

What is the current situation with investment in the pharmaceutical and medical sector of Ukraine? Can we expect the prosperity? If yes, then when? If no, then why? What may attract, and what may prevent? Investments background Investments in the medical sector of Ukraine are considered to be one of the most promising according to […]

Next
PrivatBank is no longer private
News

Facebook has decided to combine Instagram and Messenger

Facebook has begun merging Messenger and Instagram chats into a single correspondence system. The Verge writes about it. Reportedly, till August 14, many users of both iOS and Android devices in the Instagram mobile application began to receive notifications about the possibility of correspondence with friends who use Facebook. After the update, the usual Direct […]

Next
PrivatBank is no longer private
News

BMW will pay $ 18 million fine for distorting sales figures

BMW has agreed to pay 18 million dollars fine for distortion of sales data for five years. About it with reference to the Commission on securities and stock exchanges of the USA. According to the commission, from 2015 to 2019, BMW maintained a reserve of unaccounted for car retail sales, which it used to achieve […]

Next
PrivatBank is no longer private
News

Bayer suffered a net loss of 8.1 billion euros in the first half against a year earlier

The net loss of the German chemical and pharmaceutical concern Bayer AG in the first half of 2020 amounted to 8.059 billion euros against profit a year earlier, according to the company’s reports. The loss in terms of the share was 8.2 euros versus 1.68 euros in profit a year earlier. Revenues decreased with 0,3% […]

Next
PrivatBank is no longer private
News

SkyUp expands flights from Ukraine

Ukrainian company SkyUp Airlines opens new foreign routes departing from Kyiv, Lviv and Kharkiv. On Tuesdays and Fridays flights are scheduled from Kiev to Belgrade and Stockholm, on Thursdays and Sundays in Bratislava, on Wednesdays and Sundays in Amman, on Mondays and Thursdays in Colombo, on Wednesdays and Saturdays in Dubai. From Lviv on Wednesdays […]

Next
PrivatBank is no longer private
News

Ukrainian restaurateurs sue for Oliva trademark

Ukrainian restaurateurs cannot share the trademark Oliva. The former partners, Dmitry Plyatsuk the owner of marks Viva Oliva and Yuriy Kolesnik he owner of Oliva served counterclaims to revoke the trademark of the competitor. January, 20 Solomenskiy District Court of Kiev will consider the claim of Viva Oliva to the Ukrainian Institute of Intellectual Property […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com