Decision on PrivatBank complicates cooperation with IMF and EBRD, - National Bank

The decision of the court in the case on nationalization of PrivatBank hinders the cooperation with the international financial organizations
.] reports after the session of the Financial Stability Board with the participation of IMF, World Bank and EBRD representatives on its website.

“This decision of the court complicates the cooperation with international financial organizations, in particular, IMF, World Bank, and EBRD. It also prevents protection of the state interests in litigation in other jurisdictions for damages caused by former owners of PrivatBank,” the report said.
At the same time, the report emphasizes that the bank is working in the normal mode and fulfills all obligations to clients on time.

On April 18, Kyiv-based court ruled that the nationalization of Privatbank
 in late 2017 was 'conducted with multiple law breaches'. The court, thus, granted the motion by Ihor Kolomoisky, the oligarch who appealed against the nationalization of the bank he had owned.
District Administrative Court of Kyiv granted the claim of Ukrainian oligarch Ihor Kolomoysky against the National Bank of Ukraine and Ukraine’s Government on nationalization of PrivatBank.
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