PrivatBank to sign deal with consortium headed by Rothschild for loan restructuring talks

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The bank recalled that the Ukraine-IMF Memorandum on Economic and Financial Policies stipulated the obligation of the Ukrainian government to appoint the internationally recognized company for loan restructuring talks until the end of April 2017.

As UNIAN reported earlier, on December 18, 2016, the Cabinet decided to nationalize Ukraine's No. 1 bank, Dnipro-based PrivatBank, being guided by the recommendations of the National Security and Defense Council.

To this end, it issued government bonds worth UAH 117 billion, or $4.3 million, while the NBU purchased the bonds totaling UAH 25.8 billion, or $959 million, at the end of December 2016, and more bonds worth UAH 1.4 billion, or $52 million, in January this year.