NBU: PrivatBank was financial pyramid before nationalization

KyivPost
PrivatBank (Kyiv) before nationalization functioned as a financial pyramid, Deputy Head of the National Bank of Ukraine (NBU) Yekateryna Rozhkova has said during a working meeting of the parliamentary committee on financial policy and banking activities. “Before nationalization the bank had no resources to return deposits. PrivatBank was a financial pyramid,” she said. Rozhkova drew […]
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