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Ukrainian state-owned PrivatBank obtains 74 oil depots

Ukrainian state-owned PrivatBank obtains 74 oil depotsPrivatBank has obtained 74 oil depots on demand from borrowers and started guarding the facilities, PrivatBank Board Chairman Oleksandr Shlapak said at a press conference on Tuesday.

This is reported by Interfax-Ukraine.

"We had to demand 74 oil depots back to ownership of the bank, as the borrowers stopped paying on their loans," he said.

Shlapak said that a total of 120 oil depots and 248 filling stations are in financial leasing.

"A part of the portfolio in the amount of UAH 6.6 billion linked to filling stations is being serviced now. The situation with oil depots is worse," he said.

Ukrainian Prosecutor General's Office had opened a case over bringing PrivatBank to insolvency.
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