PrivatBank resumes preparations for privatization
PrivatBank was nationalized in December 2016, following the discovering of a $5.5 billion hole in the bank’s accounts – allegedly the result of a fraud perpetrated by former owners Ihor Kolomoisky and Gennadiy Bogolyubov. The state was forced to recapitalize the bank to the tune of UAH 155 billion ($4 billion).
Read also: Kolomoisky loses court battle to regain control of PrivatBank head office
According to Boesch, until Feb. 24, the bank was preparing for privatization and had many ongoing projects for its successful completion in 2024.
These projects have now been resumed, with the bank revitalizing initiatives to increase efficiency and customer satisfaction, improve their customer experience, and continue to improve its positive reputation in the market, Boesch stated.
Boesch expects Privatbank to continue growing, while expanding lending to clients, he said.
Read also: PrivatBank regains ownership of its office building in Dnipro
Earlier, Boesch stated that PrivatBank could be sold in 2024 "for a very large amount."
Read the original article on The New Voice of Ukraine
