: :inin Kyiv (EET)

[Ticker] Ukrainian government nationalises biggest bank

Ukraine on Sunday nationalised the country’s biggest bank, PrivatBank, to prevent a potential financial meltdown. The Ukrainian government said in a statement that it was now the single owner of the bank and guaranteed its clients’ deposits. PrivatBank was owned by Igor Kolomoyskiy, an early target of Ukrainian president Petro Poroshenko’s fight against corruption. …read more

Source: EUobserver

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