Court enacts amicable deal between NBU, PrivatBank's guarantor on refinancing loan

The Central Economic Court of Appeals located in the city of Dnipro has enacted an amicable agreement between the National Bank of Ukraine (NBU) and Arlan LLC, which is a property guarantor of PrivatBank's loan obligations. In May 2018, the regulator filed a lawsuit seeking the recovery of Arlan's real estate used as collateral on a refinancing loan issued by the NBU to PrivatBank shortly before the latter's nationalization, the NBU's press service said on September 18. Arlan initiated the amical agreement and undertook to repay the bank's debt on the refinancing loan in an amount that is equal to the market value of the collateral. The NBU said it was the second case of resolving a dispute with a property guarantor of PrivatBank's loan obligations by concluding a settlement agreement. As UNIAN reported earlier, in early September, JSC Nikopol Ferroalloy Plant fulfilled its obligations before the National Bank ahead of schedule under an amicable agreement, having repaid PrivatBank's debt under a refinancing loan amounting to the market value of the plant's collateral property.

Court enacts amicable deal between NBU, PrivatBank's guarantor on refinancing loan

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