Verification of PrivatBank recapitalization to be completed by late 2016 - Gontareva

The requirement to reach the positive value of capital by the end of the current year also applies to PrivatBank (Dnipro), at which verification of recapitalization is being completed, Head of the National Bank of Ukraine (NBU) Valeriya Gontareva has stated.

"We are continuing verification, but it should be completed by the end of the year, and the decision must be made whether they have fulfilled the program of capitalization or not," she said at a press conference in Kyiv.

Gontareva also reported the National Bank does not expect new significant payments from the Individual Deposit Guarantee Fund.

"We do not expect large payments from the Individual Deposit Guarantee Fund. We still have banks we are inspecting but they are very small. This is only 4% of our banking system," she said.