President's Office: There is no reason to return PrivatBank to former shareholders 10/24/2019 12:15:34. Total views 1493. Views today — 0.

There is no reason to return the state-owned PrivatBank to its former shareholders. This was announced at a meeting of head of the Office of the President of Ukraine Andriy Bohdan and his deputies Andriy Smirnov and Yulia Kovaliv with the ambassadors of G7 countries on October 23. This was reported by the press service of the President of Ukraine.

It is noted that the meeting was held on behalf of Volodymyr Zelensky.

The report emphasizes that, having made a decision on nationalization, the state invested $6.24 billion in PrivatBank, what allowed to save funds of Ukrainians.

"We believe that no matter what the decisions of the courts are, there is no reason to return the state-owned PrivatBank to the former shareholders", - the representatives of the President's Office stated.

"The interlocutors discussed the priorities of economic reforms, cooperation with international partners, international financial organizations and judicial reform in Ukraine. The Ukrainian party informed about the priorities and further steps on initiatives aimed at economic growth and improving the investment environment, and reported that the draft bills on illegal enrichment and unbundling of the Naftogaz of Ukraine national joint-stock company (department of fuel transportation activities) would be considered next week",- the report said.

Special attention was paid to the negotiation process with the International Monetary Fund, reforming the banking sector and returning funds from the bankrupt banks, - the report said.

As reported, the London Court of Appeal ordered Ihor Kolomoyskyi, Gennadiy Bogolyubov and other defendants to pay PrivatBank £10.9 million by November 12, 2019.