The IMF supported Poroshenko in a dispute with Kolomoisky

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Permanent representative of the International monetary Fund (IMF) in Ukraine Jost Longman opposed the court decision, which invalidated the nationalization of PrivatBank, owned by oligarch Igor Kolomoisky. About it reports RBC-Ukraine with reference to the statement of Longman.

He stated that the IMF supports reform of corporate governance PrivatBank, headed an independent oversight Board and the transformation of the business model of the Bank. According to Ljungman, she’s already had a positive impact on the performance and stability of the banking system as a whole.

The IMF promised Ukraine’s international partners will closely monitor developments. “It is important that the authorities continue their efforts to compensate former owners and related entities of troubled banks,” according to the statement.

Longman reminded that in 2016 the international partners of Ukraine supported the decision of the government and the NBU on the nationalization of PrivatBank as the only effective way to ensure the safety of depositors and the stability of the financial system.

On 18 April, the district administrative court of Kyiv issued a decision on the procedure of nationalization of PrivatBank. The court fully satisfied the claim is controlled by former shareholder of PrivatBank Igor Kolomoisky Cypriot company Triantal Investments Ltd.

In particular, satisfied the plaintiff regarding cancellation of the decision of the national Bank of Ukraine dated 13 December 2016, which determined the list associated with PrivatBank individuals and legal entities. This decision was fundamental during the withdrawal in December 2016 PrivatBank market with the participation of the state. In the process, had an exchange of assets with related parties to the Bank for the Bank’s shares with subsequent sale to the Ministry of Finance.

Earlier the President of Ukraine Petro Poroshenko said that the return of PrivatBank Kolomoisky will cause a “deep crisis” in relations with the IMF.

Video, photo All from Russia.

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