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PrivatBank (again…)

PrivatBank (again…)

Here’s an interesting thing. PrivatBank recently announced their financial performance for the first nine months of 2019, and in that period the nation’s largest bank (fully in state hands since December 2016) raked in a profit of $1.1 billion. Compare that to the financial performance of this entity at the end of the period when it was owned by Kolomoisky and his fellow oligarch Ihor Bogolubov, when the same bank was left with a $5.5 billion hole in its balance sheet. Bravo to the new management.

Another reason why the former owners want it back: 1.1 billion, to be precise. We can think of 5.5 billion reasons however why they shouldn’t.

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