Copyright © 2024 Euromaidanpress.com

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

Kolomoyskiy’s bank received the largest support from the National Bank of Ukraine

Kolomoyskiy’s bank received the largest support from the National Bank of Ukraine
National Bank of Ukraine
National Bank of Ukraine

Wednesday, April 9, 2014, 10:04

New National Bank of Ukraine Chairman Stepan Kubiv lent UAH 21.5bn to banks to hold liquidity at a stable level and cover the deposits outflow since assuming his post six weeks ago. Lesya Voytytska at Hubs.com.ua, reports.

The NBU has not divulged any details about which banks got the financial assistance and what the volumes of it are but some bankers shared information with Hubs.

Privatbank, which has held deposits of 40.6% of all Ukrainian depositors, was given the largest sum. “As of the end of March the NBU gave it UAH 9bn to cover outflow,”claims a Privat director who requested anonymity.

The bank of the Dnipropetrovsk governor Ihor Kolomoyskiy confirmed that it had received the financial aid and but claimed that it had received less than UAH 5bn for February and the beginning of March. The bank resorted to the same action during the 2008-2009 crisis. It borrowed for the same needs nearly UAH 8bn from the regulator.

Ukraine’s fourth largest bank by assets, Delta Bank, which belongs to Mykola Lagun and the American company Cargill secured NBU aid in the sum of UAH 4bn.

State-run OshchadBank and UkrEximBank also requested aid from the regulating agency but the volumes remain unknown. The nationalized UkrGazBank received UAH 1bn.

The credit facilities were also given to Fido-bank, which belongs to Serhiy Arbusov and Oleksand Adarich and Raiffeisen Bank Aval.

The original text is on Ukrainska Pravda at http://www.epravda.com.ua/news/2014/04/6/436027/

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here


    Will the West continue to support Ukraine?
    • Know what moves the world.
    • Premium journalism from across Europe.
    • Tailored to your needs, translated into English.
    Special discount
    for Euromaidan Press readers
    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts