REUTERS
An updated Supervisory Board of the nationalized PrivatBank at its first meeting elected an eminent Turkish banker and author of the banking system of Turkey reforming program Engin Akcakoca its head, Ukrainian Finance Minister Oleksandr Danyliuk wrote on Facebook.
"I am sure Engin Akcakoca, who was elected head of the board, will cope with the new responsibilities. Engin is a legendary banker who once helped Turkey to overcome the financial crisis, and today he will help to restore the country's biggest largest bank," Danyliuk wrote.
He noted that the new Supervisory Board of PrivatBank was formed from the world's most renowned professionals, with most of them being foreign nationals, representatives of international financial organizations.
Read alsoPrivatBank nationalization adds third to state debt in 2016 – expertAs UNIAN reported earlier, the Cabinet of Ministers at its extraordinary meeting December 18 decided to transfer Ukraine's largest bank, 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.
Read also"Economic intel expert from Moscow" to take part in NBU audit of PrivatBank's Cyprus branch – journalistDecember 19, National Bank provided a nationalized Privatbank with a UAH 15 billion refinancing loan.
December 22, Minister of Finance of Ukraine Oleksandr Danyliuk presented to the staff of the state-owned Privatbank the new head of the Board, former Finance Minister Oleksandr Shlapak.