PrivatBank to resume all services by close of business – Shlapak

PrivatBank will fully resume all of its services and transactions by close of business, new Chairman of the Board of PrivatBank Oleksandr Shlapak told a press conference Thursday.

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"Over the last three days, the interim administration has been working in the bank, and a number of operations have been blocked. However, today, according to the Board decision, all restrictions will be lifted by the close of business. Correspondent accounts will be unlocked, interest accrual will be renewed, SWIFT will work, overdraft loans will once again be provided, etc.," Shlapak said.

Read alsoFinance Ministry introduces new Head of the Board of PrivatBank, forms Supervisory BoardAs UNIAN reported earlier, the Cabinet of Ministers at its extraordinary meeting on Sunday, December 18, decided to transfer PrivatBank to 100% state ownership. The decision was made based on the results of the meeting of the National Security and Defense Council on the proposal of the National Bank of Ukraine.

The National Bank of Ukraine on December 19 provided the nationalized PrivatBank with a refinancing loan of UAH 15 billion.

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