PrivatBank

History

PrivatBank is a private commercial banks established in Ukraine. Decision on PrivatBank establishment was taken at the meeting of its founders on 7 February 1992.

Nationalisation

Main article: Nationalization of PrivatBank

On 18 December 2016 the Deposit Guarantee Fund (DGF) appointed a temporary administrator to manage the activities of PJSC CB "PrivatBank" in accordance with the decision of the National Bank of Ukraine to classify the Bank as insolvent.

On 19–21 December 2016, in accordance with the provisions of the Law of Ukraine “On the Deposit Guarantee System”, the DGF dismissed the Bank's Management and Supervisory Board and was solely responsible for managing the Bank's activities during these three days. The DGF recognized the impairment of loans and advances to customers in the amount of UAH 155,764 million and converted UAH 10,934 million of customer funds, UAH 10,721 million of issued Eurobonds and UAH 7,783 million of subordinated debt into authorized capital of the Bank (‘bail in’). On 21 December 2016, after the bail in, the Bank's shares were sold for UAH 1 to the Ministry of Finance of Ukraine. In December 2016, the Ministry of Finance decided to increase the authorized capital of the Bank by UAH 116,800 million and by further UAH 38,565 million in June 2017. Subsequently, the Ukrainian state has owned 100% of the shares of the authorized capital.

Main financial indicators

PrivatBank earned a profit of ₴35.050 billion according to the official data of the National Bank of Ukraine in 2021.

Below is information on the Bank's equity, assets, and net profit for the past 15 years. More detailed financial indicators of the Bank can be found on the Bank's website in the section About the Bank – Financial reporting.

Non-Financial Report

In its integrated annual reports for 2022-2024, PrivatBank consistently devoted significant attention not only to financial results but also to aspects of sustainable development and corporate social responsibility. These reports detailed the bank's various projects aimed at supporting communities and society, demonstrating its role as a socially responsible business. The documents also disclosed information on PrivatBank's corporate governance practices, risk management, and adherence to ethical standards. Furthermore, the reports reflected the bank's efforts in environmental initiatives and sustainable development programs, underscoring its comprehensive approach to doing business with consideration for all stakeholders.

Report for 2022. https://static.privatbank.ua/files/2022_%20Integrated_Report_PrivatBank_Eng.pdf?_gl=1g05cj0_gcl_auNjEyODk4NjMzLjE3NDQ4ODkzNjEuNjI2MDc2NDM1LjE3NTA3NjMxODQuMTc1MDc2MzI2NQ.._gaMTIwNTU2ODAwLjE3MjkwMDMxNTA._ga_C7N2L9YCQ9*czE3NTA3NjI4NTAkbzE0NSRnMSR0MTc1MDc2MzI2NSRqNTQkbDAkaDgzMDQzMjkyNQ..

Report for 2023. https://static.privatbank.ua/files/2023_Integrated_Report_PrivatBank_ENG.pdf?_gl=19ufvlt_gcl_auNjEyODk4NjMzLjE3NDQ4ODkzNjEuNjI2MDc2NDM1LjE3NTA3NjMxODQuMTc1MDc2MzI4Nw.._gaMTIwNTU2ODAwLjE3MjkwMDMxNTA._ga_C7N2L9YCQ9*czE3NTA3NjI4NTAkbzE0NSRnMSR0MTc1MDc2MzI4NyRqMzIkbDAkaDgzMDQzMjkyNQ..

Report for 2024.

References

References

1. "ПАТ "Приватбанк" переходить у стовідсоткову власність держави".
2. ({{date). "NBU Confirms Systemic Importance of 15 Banks".
3. "On December 18th, 2016 a new history of PrivatBank began".
4. "PrivatBank's profile-en".
5. "Прибуток ПриватБанку за 2022 рік впав до 30 млрд гривень".
6. "Державний ПриватБанк отримав рекордний прибуток".
7. [https://static.privatbank.ua/files/2024-integrated-annual-report.pdf?_gl=1i1u8q1_gcl_auNjEyODk4NjMzLjE3NDQ4ODkzNjEuNjI2MDc2NDM1LjE3NTA3NjMxODQuMTc1MDc2MzI4Nw.._gaMTIwNTU2ODAwLjE3MjkwMDMxNTA._ga_C7N2L9YCQ9*czE3NTA3NjI4NTAkbzE0NSRnMSR0MTc1MDc2MzI5NyRqMjIkbDAkaDgzMDQzMjkyNQ..]