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PrivatBank

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The ongoing legal battles and financial controversies surrounding PrivatBank, a pivotal financial institution in Ukraine, continue to unfold in landmark court rulings and strategic banking decisions. Recently, the London court delivered a significant verdict against former owners Ihor Kolomoiskyi and Hennadii Boholiubov, uncovering the illicit withdrawal of 110 billion hryvnia. Concurrently, PrivatBank has embarked on initiatives to improve service accessibility for military personnel and people with disabilities, showcasing its commitment to inclusivity. As these narratives evolve, the bank remains central to Ukraine's economic discussions, nationalization debates, and international legal proceedings. Such developments hold critical implications for Ukraine's banking reforms and regulatory landscape.

What recent court ruling involved PrivatBank?

Recent London court rulings highlighted significant financial misconduct by PrivatBank's former owners, Ihor Kolomoiskyi and Hennadii Boholiubov, implicating them in the illicit withdrawal of 110 billion hryvnia. This has been part of an ongoing legal saga involving PrivatBank, focusing on past fraudulent activities and their consequences.

How has PrivatBank's service approach changed recently?

PrivatBank has recently enhanced its service offerings by making verification processes more accessible for military personnel and individuals with disabilities. This reflects the bank's dedication to inclusivity and its commitment to serve veterans and those requiring additional support in accessing financial services.

What are the implications of PrivatBank's nationalization?

The nationalization of PrivatBank has been a contentious issue in Ukraine, involving complex legal challenges and significant financial implications. This decision was primarily made to stabilize the banking sector, safeguard depositors, and address past governance and financial malpractice. The nationalization remains a focal point of economic reforms in Ukraine.

What role does PrivatBank play in Ukraine's economy?

PrivatBank is a major player in Ukraine's banking sector, influencing both domestic economic stability and international financial relations. As the largest bank in Ukraine, PrivatBank's policies and legal standing heavily impact banking reforms and the confidence of international investors in Ukraine's financial stability.

Why were Kolomoiskyi and Boholiubov significant in PrivatBank's history?

Ihor Kolomoiskyi and Hennadii Boholiubov were major shareholders of PrivatBank before its nationalization. Their legacy is marked by significant financial misconduct, including unauthorized loans and massive capital withdrawals, leading to extensive legal actions aimed at recovering diverted funds and holding them accountable.

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TOP news PrivatBank

приват Privatbank becomes 100-percent state-owned, - Cabinet of Ministers The Cabinet of Ministers of Ukraine has made a decision to nationalize Privatbank. The government intends to issue 30-year domestic government loan notes worth of 150 billion hryvnia and become a 100-percent owner of the bank. 274 055 1 122 Previously in trend: Nationalization of Privatbank

Court rules nationalization of PrivatBank illegal, NBU appeals Court rules nationalization of PrivatBank illegal, NBU appeals The Kyiv District Administrative Court has ruled that the nationalization of PrivatBank, Ukraine’s largest bank, was illegal on April 18. 49 496 979 Previously in trend: Nationalization of Privatbank

коломойский Privatbank's former owner Kolomoiskyi on its nationalization: "I would like to thank Cabinet of Ministers and Volodymyr Hroisman personally" Commenting the situation around Privatbank's nationalization, Ukrainian businessman Ihor Kolomoiskyi has thanked the Cabinet of Ministers and its head Volodymyr Hroisman. 208 836 645 Previously in trend: Nationalization of Privatbank

Ukrainian oligarch with ties to Trump Ukrainian oligarch with ties to Trump's impeachment is accused by Justice Department of stealing billions from a bank he once owned and laundering the stolen cash to build a business empire in the US- The Washington Post According to the DOJ, Ihor Kolomoisky and his business partner, Gennadiy Boholyubov, stole so much money from PrivatBank that Ukraine’s national bank had to give the institution a $5.5 billion bail out to ‘to stave off economic crisis for the whole country.’ 45 937 506

PrivatBank PrivatBank's nationalization: Judges of Kyiv's District Administrative Court under pressure Judges of Kyiv's District Administrative Court, who issued a ruling in the case on the nationalization of PrivatBank, have appealed to the High Council of Justice (HCJ), the Prosecutor General's Office (PGO) and the State Bureau of Investigations (SBI) with statements regarding interference in their activities. 38 859 502

порошенко State guarantees safety of funds to Privatbank clients, - Poroshenko President of Ukraine Petro Poroshenko has explained the situation around Privatbank. 83 772 432

Kolomoyskyi: Give me $2B capital back, I don Kolomoyskyi: Give me $2B capital back, I don't need PrivatBank Businessman Ihor Kolomoyskyi says he does not intend to regain the nationalized PrivatBank, but wants to return capital in the amount of $2 billion. 31 784 374 Previously in trend: Nationalization of Privatbank

гонтерева 116B hryvnia needed for additional capitalization on Privatbank will be attributed as public debt, - NBU Head Hontarieva The National Bank of Ukraine says Privatbank requires 116 billion hryvnia ($4.3 billion) in additional capitalization. Another 32 billion hryvnia might be written off as they relate to the bank's shareholders. 67 420 357 Previously in trend: Nationalization of Privatbank

Court lifts seizure of 415 real estate assets related to Kolomoiskyi Court lifts seizure of 415 real estate assets related to Kolomoiskyi Kyiv's Pechersky District Court on July 5 granted the request of Privatoffice LLC, which has ties to Ukrainian businessman Ihor Kolomoiskyi, and lifted the arrest of 415 of the company's properties. 30 954 357

Backsliding on PrivatBank Backsliding on PrivatBank's nationalization threats relations with IMF, - Poroshenko According to the President of Ukraine, the IMF will respond to any attempts to undermine the independence of the NBU in a hard way. 12 634 349 Previously in trend: Nationalization of Privatbank Presidential election 2019

Zelenskyi’s, His Team’s Companies Obtain USD 40 Million From Businessman Kolomoiskyi’s Structures Via Offshore – Pandora Papers. ВИДЕО Zelenskyi’s, His Team’s Companies Obtain USD 40 Million From Businessman Kolomoiskyi’s Structures Via Offshore – Pandora Papers. ВИДЕО Companies of President Volodymyr Zelenskyi and his team members have received USD 40 million from structures of businessman Ihor Kolomoiskyi via offshores since 2012. 34 249 345

Privatbank stabilization was successful, - Board Chairman Shlapak Privatbank Chairman of the Board Oleksandr Shlapak announces successful stabilization of the financial institution. 29 447 330 Previously in trend: Nationalization of Privatbank

London court freezes Kolomoiskyi London court freezes Kolomoiskyi's, Boholiubov's worldwide assets, - Privatbank The London-based U.K.'s High Court on Wednesday froze the worldwide assets of Privatbank former owners Ihor Kolomoiskyi and Hennadii Boholiubov. 34 271 310

приватбанк Privatbank partially freezes corporate accounts as interim measure Privatbank corporate payments suspended on Dec. 19 for one day will be possible with certain restrictions from Dec. 20. 93 242 309 Previously in trend: Nationalization of Privatbank

гоньарева Nationalization of Privatbank will not affect inflation or hryvnia rate, - NBU Head Hontarieva The National Bank of Ukraine denies possible price increase and hryvnia depreciation caused by the nationalization of Privatbank. 48 735 263

"Commenting this insanity makes no sense," - Kolomoiskyi on Kroll "Commenting this insanity makes no sense," - Kolomoiskyi on Kroll's report concerning PrivatBank PrivatBank’s former shareholder Ihor Kolomoiskyi called insanity the report on multi-billion dollar frauds prior to the bank’s nationalization made public by the National Bank of Ukraine on Jan. 15. 11 193 256 Previously in trend: Nationalization of Privatbank

"This is a temporary freeze," - Kolomoiskyi on his assets worldwide seizure "This is a temporary freeze," - Kolomoiskyi on his assets worldwide seizure Ukrainian businessman Ihor Kolomoiskyi commented on the decision of the High Court of England to freeze his assets and the one’s of his companion Hennadii Boholiubov. 23 693 236

приватбанк Of 15.2B hryvnia in Privatbank accounts, 2B were withdrawn through ATMs yesterday, - NBU The National Bank of Ukraine claims Privatbank has 15.2 billion hryvnia in its correspondent accounts. 56 136 225 Previously in trend: Nationalization of Privatbank

Prosecutor General Lutsenko: Danyliuk seeks my resignation in attempt to avoid criminal liability Prosecutor General Lutsenko: Danyliuk seeks my resignation in attempt to avoid criminal liability Ukraine’s Prosecutor General Yurii Lutsenko commented on the big statement of the Finance Minister Oleksandr Danyliuk. 13 666 224

Ukraine’s finance minister demands prosecutor general’s resignation, says PGO drags out probe into Privatbank insolvency Ukraine’s finance minister demands prosecutor general’s resignation, says PGO drags out probe into Privatbank insolvency Minister of Finance of Ukraine Oleksandr Danyliuk accused Prosecutor General's Office (PGO) of dragging out the investigation into actions of former Privatbank managers and owners as well as criminal prosecution of current bank managers, officials of the Finance Ministry and NBU and the advisers they have hired. 22 082 219

PrivatBank wins appeal in London court in dispute with ex-owners PrivatBank wins appeal in London court in dispute with ex-owners The Court of Appeal of England and Wales on October 15 granted the appeal of PrivatBank (Kyiv) against the decision of the court of first instance of December 4 last year on the discrepancy between the jurisdiction of the financial institution's claim against the ex-owners. 19 595 209 Previously in trend: Nationalization of Privatbank

Kolomoiskyi goes to court to demand PrivatBank shares back Kolomoiskyi goes to court to demand PrivatBank shares back The Economic Court of Kiev is considering a lawsuit of oligarch Kolomoiskyi on invalidation of the contract of sale of PrivatBank shares. 12 829 206 Previously in trend: Nationalization of Privatbank

Privatbank may be put up for sale in six months, - Minister Danyliuk The now state-owned Privatbank can be put up for sale as early as in six months. 22 022 206 Previously in trend: Nationalization of Privatbank

National Bank’s board claims about pressure applied by Kolomoyskyi National Bank’s board claims about pressure applied by Kolomoyskyi The Board of the National Bank of Ukraine (NBU) claims that there is pressure applied by oligarch Ihor Kolomoyskyi. 15 137 200 Previously in trend: Nationalization of Privatbank

амку Ukraine’s Antimonopoly Committee files case against Privatbank The Antimonopoly Committee of Ukraine has filed proceedings over non-submission of information by Privatbank PJSC to the agency. 53 743 199

PrivatBank case: Oligarch Kolomoiskyi files five new lawsuits PrivatBank case: Oligarch Kolomoiskyi files five new lawsuits The oligarch demands to recognize the credit contracts with his personal guarantee null and void. 9 571 188

"This will make banking sector stronger and more resilient", - G7 Ambassadors' statement on Privatbank nationalization The G7 Ambassadors believe the nationalization of Ukrainian Privatbank was the right step. 22 998 169 Previously in trend: Nationalization of Privatbank

приват24 Privat24 e-banking system is state-owned, - Privatbank Deputy CEO Horokhovskyi Privat24 online banking system has become the property of the state. 63 720 167 Previously in trend: Nationalization of Privatbank

Kroll confirms at least $5.5B being siphoned off from PrivatBank before its nationalization, - Natonal Bank Kroll confirms at least $5.5B being siphoned off from PrivatBank before its nationalization, - Natonal Bank PrivatBank was subject to a large-scale coordinated fraud over at least a ten-year period ending in December 2016 which inflicted at least $5.5 billion in damage to the bank. 15 540 166 Previously in trend: Nationalization of Privatbank

"Correct and courageous," - EBRD on decision to nationalize Privatbank Talking to President of Ukraine Petro Poroshenko on the phone, President of the European Bank for Reconstruction and Development Suma Chakrabarti welcomed the nationalization of Privatbank. 19 680 151

Websites of Ministry of Defense, Armed Forces of Ukraine, as well as PrivatBank, Oschadbank subject to DDOS attack – Information Security Center Websites of Ministry of Defense, Armed Forces of Ukraine, as well as PrivatBank, Oschadbank subject to DDOS attack – Information Security Center The websites of the Ministry of Defense and the Armed Forces of Ukraine were subject to a DDOS attack on Tuesday evening, in addition to them, the state-owned PrivatBank and Oschadbank were also attacked, the press service of the Center for Strategic Communications and Information Security has reported. 42 156 148

Ukraine’s parliament finally bans return of nationalized banks to former owners Ukraine’s parliament finally bans return of nationalized banks to former owners The Verkhovna Rada of Ukraine adopted the bill #2571-d, which finally bans the return of nationalized banks to previous owners. 270 MPs supported the decision. 26 425 148

приват Hontareva: 16B hryvnia was siphoned from Privatbank night before nationalization The audit of the nationalized PrivatBank revealed that 100 percent of its loan portfolio comprised loans to related parties. 77 361 147 Previously in trend: Nationalization of Privatbank NBU chief Hontareva's resignation

гонтарева NBU forced Privatbank to include UIA planes and Bukovel resort on its books, - Hontarieva The National Bank of Ukraine forced the former Privatbank shareholders to enter the aircraft of Ukraine International Airlines carrier and the ski resort "Bukovel" in the company's accounts. 120 350 146 Previously in trend: Nationalization of Privatbank

приватбанк Former owners of Privatbank did not reorganize bank's loan portfolio by July 1 as promised, - Finance Ministry. DOCUMENT (in Ukrainian) Former shareholders of nationalized Privatbank Ihor Kolomoiskyi and Hennadii Boholiubov have not restructured the bank's loan portfolio by July 1, as agreed previously. 30 719 145 Previously in trend: Nationalization of Privatbank

Zelenskyi on PrivatBank: I will protect interests of Ukraine Zelenskyi on PrivatBank: I will protect interests of Ukraine Ukrainian President Volodymyr Zelenskyi has stated that in matters of PrivatBank he will protect the interests of Ukraine. 9 257 137 Previously in trend: Nationalization of Privatbank

U.S. ex-ambassador warns Zelenskyi against compromises with Kolomoiskyi U.S. ex-ambassador warns Zelenskyi against compromises with Kolomoiskyi Экс-посол США в Украине Стивен Пайфер посоветовал украинскому Президенту Владимиру Зеленскому не идти ни на какие компромиссы с Игорем Коломойским. 6 075 134 Previously in trend: Nationalization of Privatbank

London court obliges Kolomoiskyi, others to pay PrivatBank GBP 10.9 m London court obliges Kolomoiskyi, others to pay PrivatBank GBP 10.9 m The English Court of Appeal has ordered businessmen Ihor Kolomoiskyi, Hennadiy Boholyubov and other defendants to pay PrivatBank a total of GBP 10.9 million by November 12. 24 737 134

US Ambassador Yovanovitch called Kolomoiskyi during negotiations on Privatbank nationalization, - media Businessman and former Privatbank co-owner Ihor Kolomoiskyi had a conversation with U.S. Ambassador to Ukraine Marie Yovanovitch before he made the final decision on the bank nationalization. 41 474 132 Previously in trend: Nationalization of Privatbank

приватбанк Privatbank supervisory board picks Engin Akçakoca as chairman, - Danyliuk The Privatbank supervisory board chose Engin Akçakoca as its chairman at a meeting on Jan. 17. 45 193 132

рожкова Privatbank's liquidity bolstered with 15B hryvnia, - Rozhkova On Monday, Dec. 19, the National Bank of Ukraine allocated 15 billion hryvnia ($551.988 million) to Privatbank to maintain its liquidity. 52 681 127 Previously in trend: Nationalization of Privatbank

банкомат 1.5-1.7B hryvnia withdrawn from Privatbank ATMs daily, - NBU The volume of cash withdrawals from Privatbank ATMs reaches 1.5-1.7 billion hryvnia ($54.891-62.210 million) daily. 46 839 121 Previously in trend: Nationalization of Privatbank

Honcharuk announces possible compromise with Kolomoiskyi over PrivatBank Honcharuk announces possible compromise with Kolomoiskyi over PrivatBank Prime Minister of Ukraine Oleksiy Honcharuk has reported on a possible compromise with businessman Ihor Kolomoiskyi regarding a dispute on the nationalization of PrivatBank owned by Kolomoiskyi. 6 200 118

PGO starts investigation into alleged interference of Poroshenko, Petrenko And Smolii on judges in case upon PrivatBank nationalization PGO starts investigation into alleged interference of Poroshenko, Petrenko And Smolii on judges in case upon PrivatBank nationalization The Prosecutor General's Office (PGO) has started an investigation into alleged interference of President Petro Poroshenko, Minister of Justice Pavlo Petrenko, and Head of the National Bank of Ukraine Yakiv Smolii in activity of judges of the District Administrative Court of Kyiv in the case upon nationalization of PrivatBank. 8 893 116

приват PGO initiated criminal case into bringing Privatbank to insolvency, - Chairman Shlapak Prosecutor General's Office has initiated a case into bringing Privatbank to insolvency. 25 748 115

Law enforcers raid Ukraine Law enforcers raid Ukraine's PrivatBank HQ Searches are being carried out at the bank's central office in the city of Dnipro. 10 796 108

Kolomoiskyi sees good window of opportunity for amicable agreement on PrivatBank Kolomoiskyi sees good window of opportunity for amicable agreement on PrivatBank Ihor Kolomoiskyi in dispute on the nationalization of PrivatBank, the owner of which he was earlier, is ready to make do with the satisfaction for accusations against him and an amicable agreement and sees a good window of opportunities for this. 7 746 104

Court rules to recover property of Kolomoiskyi Court rules to recover property of Kolomoiskyi's company worth more than UAH 100 mln in favor of NBU The Economic Court of Lviv region on January 16 fully satisfied the claim of the National Bank of Ukraine (NBU) for foreclosure on mortgages related to former owner of PrivatBank Ihor Kolomoisky, PJSC Dniprometalservis, the NBU said on its website. 13 127 94

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