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Eastern Europe
July 27, 2018 www.intellinews.com I Page 19
family, whom the NBU recognised as alleged re- lated parties of the bank, owned before its nation- alisation by Kolomoisky and Boholiubov.
The government nationalised Privatbank in December 2016 after it failed to fulfil a three-year recapitalisation plan. The bank was found to have
a UAH148bn ($5.6bn) hole in its balance sheet because of related-party financing.
In 2017, the then NBU governor Valeriya Gontar- eva said the post-nationalisation audit of the bank found that 100% of the corporate portfolio had been made to related parties.
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