Automatically translated version. May contain inaccuracies compared to the original.
Former Deputy Dybilet on Rozhkova's statement: preparation for the "splitting" of PrivatBank
Former First Deputy Chairman of the Board of PrivatBank Volodymyr Yatsenko commented on the statement by Deputy Governor of the NBU Kateryna Rozhkova that “PrivatBank has nothing to sell, it can be given to someone with a top-up”:
“And this after the bank's capital was stuffed with government bonds and reserves were formed for the 100% credit portfolio. Some inconsistency!
Obviously, an uninitiated public has been prepared for the "splitting".
The bank, in my assessment, continues to control no less than 50% of the credit card market, and this will certainly be of interest to the big players in retail banking. <…> Bank Tinkoff with a similar number of cards but with a smaller market share costs 2 billion dollars <…>
Although after buying American coal to please “Big Brother,” PrivatBank can be gifted or exchanged for coal.”
As a reminder, according to the dubinsky.pro site, the authorities are considering the option of splitting PrivatBank into three parts: transactional business (“Privat24” with infrastructure + processing); bad assets bank; retail business.
“The transactional business of PrivatBank, through which 50% of settlements in the Ukrainian banking system pass, is planned to be privatized by entering equity with EBRD and IFC, as well as a private foreign bank. And the retail segment will be merged with Oschadbank,” the publication stated in August.
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