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The National Bank of Ukraine provided the recently nationalized PrivatBank with a UAH 10 billion refinancing loan to support liquidity, the central bank’s press service told UNIAN.
Data on loan parameters, including its term, interest rate, and collateral, belong to the category of a bank secret, according to Law of Ukraine "On banks and banking activity".
It is also reported that the NBU’s online stats this loan is reflected in the "Financial markets" section under "Liquidity Analysis" in part of "Other monetary operations" as of the beginning December 23.
At the same time, the regulator has noted that "Other monetary transactions" include foreign currency worth UAH 747 million in hryvnia equivalent purchased during intervention on the forex market in the amount of $28.4 million on December 22.
Read alsoFinance Ministry gains control over 100% shares of PrivatBankUNIAN memo. PrivatBank (Dnipro) has been operating on Ukraine market since 1992, becoming the country’s largest bank in terms of assets. On December 18, the Cabinet nationalized the bank, on the results of the meeting of the National Security and Defense Council, according to the proposal of the National Bank of Ukraine.
Immediately after the move to nationalize the bank, the NBU provided PrivatBank a UAH 15 billion refinancing loan.