The Supreme Court has reached a final decision on the nationalization of PrivatBank.

This is reported by PrivatBank on its website.

The consideration of this case in various courts lasted nearly five years.

In this matter, the plaintiffs, Kolomoisky, who held 41.6572% of the bank's shares prior to the nationalization of PrivatBank, and the company Triantal, registered in Cyprus and linked to the former owners, which owned 16.8176%, attempted to challenge the agreement for the state's acquisition of the bank's shares and reclaim their ownership.

“PrivatBank welcomes this fair court decision. It exemplifies that the rule of law prevails in our country, and independent judges operate within the framework of current legislation and democratic values. The case involving Kolomoisky and Triantal posed significant risks to the state’s financial system due to the demands of our opponents; however, the bank remains state-owned. The case is closed in accordance with the provisions of the current legislation of Ukraine regarding the impossibility of returning the bank's shares to former owners,” noted Solvita Deglava, a member of the Management Board responsible for reorganization and troubled assets at PrivatBank.

We remind you that the Kyiv Appeal Court reduced the collateral amount for the oligarch Ihor Kolomoisky by more than 50 million hryvnias - to 1 billion 827 million 352 thousand 580 hryvnias.

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