PrivatBank repays UAH 8 bln of NBU refinancing credits since early 2016

PrivatBank (Dnipro) since early 2016 has repaid around UAH 8 billion of funds received as refinancing credits from the National Bank of Ukraine (NBU) in 2014-2015.

The bank said in a press release that the bank repaid UAH 4.457 billion of the principal of the credits and UAH 3.559 billion of interest.

"The bank is actively returning refinancing credits, taking into account the positive pace of the deposit portfolio and stabilization of the situation on the financial market," First Deputy PrivatBank Board Chairman Oleh Horokhovsky said.

PrivatBank was founded in 1992. As of January 1, 2016 its largest shareholders were Hennadiy Boholiubov (direct participation is 33.2525%, indirect stands at 8.3346%) and Ihor Kolomoisky (41.6572%, 8.3346%).

The bank was the largest one among the 101 banks operating in the country on July 1, 2016 by total assets (UAH 268.85 billion), according to the National Bank of Ukraine.