20 December 2016, Tuesday, 13:16 61

PrivatBank And Oschadbank Merger Not Improbable - Danyliuk

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Minister of Finance Oleksandr Danyliuk does not rule out a merger of PrivatBank and State Savings Bank Oschadbank.

He said this during the Left Bank TV show at Channel 24, Ukrainian News Agency reports.

Now the State will focus on the strategy of development of PrivatBank.

As Ukrainian News Agency earlier reported, the Cabinet of Ministers on December 18 decided to nationalise PrivatBank.

The bank was taken into provisional administration on December 19 for three days.

After that the bank will be nationalised through conversion of the domestic-loan government bonds issued by the Ministry of Finance into the financial institution's capital.

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