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The National Bank of Ukraine commented on PrivatBank's sale of the "Boryvazh" port

The National Bank of Ukraine commented on PrivatBank's sale of the "Boryvazh" port The National Bank of Ukraine commented on PrivatBank's sale of the "Boryvazh" port (photo: RBC-Ukraine)
Author: RBC Ukraine

The National Bank of Ukraine stated that it does not interfere in the affairs of state-owned banks and is not aware of any strategies for recovering losses from oligarchs Ihor Kolomoiskyi and Gennadiy Bogolyubov, according the NBU's official response.

As we know, on December 23, "PrivatBank" put up for sale a portion of its claims under loan agreements with Boryvazh LLC, amounting to nearly 3.556 billion UAH.

The starting price of the lot was approximately 3.428 billion UAH. However, the auction, which involved only one participant, resulted in the sale at a reduced price of 2 billion UAH.

According to former "PrivatBank" shareholder Oleksiy Martynov, this auction inflicted losses of no less than 3 billion UAH on the state.

Moreover, "PrivatBank" sold the loans of Boryvazh LLC despite a court injunction and an open criminal case. The buyer was a company allegedly linked to businessman Serhiy Tihipko.

"Given that, according to Articles 1 and 7 of the Law of Ukraine 'On the National Bank of Ukraine,' banking supervision is one of the NBU's primary functions, it is very strange that the NBU believes it should not respond to a situation where a state-owned bank, during the absence of a newly appointed CEO, consistently inflicts multi-billion losses on the state while protecting the interests of Ihor Kolomoiskyi and Gennadiy Boholyubov," said Oleksiy Martynov, a former shareholder and supervisory board member of "PrivatBank".

It is worth noting that the National Anti-Corruption Bureau of Ukraine had earlier initiated a criminal case regarding PrivatBank's sale of loans to Boryvazh LLC.