PrivatBank writes off assets related to former owners

PrivatBank has written off assets related to its former owners.

This is stated in the message of the bank, the Ukrainian News agency reports.

In accordance with the main principles of the Lending Development Strategy approved by the Financial Stability Board in June 2024, as well as in accordance with International Financial Reporting Standards (namely, IFRS 9) and regulatory requirements, the bank has derecognized assets related to former owners.

It is noted that the net carrying amount of these assets was zero.

As a result of this derecognition, the share of non-performing assets in the total portfolio decreased from 59.4% to 10%.

At the same time, the level of non-performing loans in the portfolio formed after nationalization is 3.3%, which is one of the best indicators in Ukraine and corresponds to the level of developed countries.

As the Ukrainian News agency earlier reported, on November 24, 2025, the deadline set by the High Court of England for the voluntary execution of the decision of November 10, 2025, expired, according to which Ihor Kolomoiskyi and Hennadii Boholiubov are obliged to pay PrivatBank more than USD 3 billion to compensate for damages and interest accrued before the judgment was rendered.

The bank, in turn, said that it is preparing to start procedures for recognizing and enforcing the judgment in a number of jurisdictions outside the UK, including Ukraine, where the defendants have assets.

On October 15, 2019, state-owned PrivatBank won in the London Court of Appeal in a dispute with former owners Ihor Kolomoiskyi and Hennadii Boholiubov.

The Cabinet of Ministers approved the decision on the state's entry into the capital of PrivatBank on December 18, 2016.

The transfer of PrivatBank to state ownership took place in accordance with Article 411 of the Law "On the System of Guaranteeing Deposits of Individuals."