Privat sell within 5 years. Photo:”Straight”
Nationalized Privat sell within 5 years.
This involves the updated strategy for the state banks, which must approve the government, according to Finance Minister Alexander danyluk, reports UNIAN.
The state’s share in banking sector assets is around 55%. The government plans effectively to shorten it.
“We have over the next week or two on the Cabinet will approve a new strategy which involves the release of a fully of the state capital PrivatBank – that is the Bank we plan to fully transfer to the private sector – within 5 years”, – said danyluk.
The Minister noted that the price determined by the market. It will depend on the efficiency of the management of the Bank, quality of Bank regulation and market conditions.
“There are five years, and I am sure that it will allow you to obtain the most attractive result for the taxpayers,” he added.
At the U.S. Embassy in Ukraine believe that the investigation of fraud in PrivatBank will be a positive step in the fight against corruption.