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In September, banks increased the issuance of mortgage loans to ₴1.2B. Financial institutions issued 813 mortgage loans in September. The volume of loans granted to the population in September compared to August increased by 33.7%.
8.1.4 Bank news
Ukraine’s Court of Appeal confirms lawfulness of PrivatBank's nationalization on November 15. The Sixth Administrative Court of Appeal on Wednesday closed the proceedings on the appeal by the ex-owners of PrivatBank (Kyiv) of the decision to withdraw it from the market with the participation of the state and confirmed the impossibility of returning the nationalized bank to the former owners, according to the website of the National Bank of Ukraine (NBU) on Wednesday.
The court overturned the decision of the District Administrative Court of Kyiv dated April 18, 2019, which satisfied the claim of the ex-co-owner of PrivatBank Ihor Kolomoisky against the National Bank, the Cabinet of Ministers, the Deposit Guarantee Fund, the National Securities and Stock Market Commission for illegality and cancellation decisions to withdraw an insolvent bank from the market.
"Today, six years later, the court confirmed the impossibility of returning to the former owners of PrivatBank, for the additional capitalization of which the state spent more than UAH 155bn. It should also be noted that all decisions of public bodies on the nationalization of PrivatBank are valid," the head of the claims department of the legal department at the NBU, Viktor Hryhorchuk, said.
Court rejects Boholiubov's claim, reaffirms legality of PrivatBank nationalization The Kyiv Economic Court on November 27 confirmed the legality of nationalization, closing the case on the claim of former co-owner of the bank Hennadiy Boholiubov to invalidate transactions within the framework of the nationalization of PrivatBank (Kyiv) in 2016, the press service of the financial institution reports.
The European Investment Bank has opened a regional office in Kyiv. The EIB announced the opening of a new regional EIB Eastern European representative office in Kyiv. The new regional office will provide enhanced support to Ukraine and Eastern Europe, cooperating and coordinating with EIB offices in Moldova and the South Caucasus (Tbilisi, Georgia). Today, the portfolio of projects the EIB implements with the Ukrainian state, communal sectors, and businesses reaches more than €7.3B. Since the beginning of the full-scale war, the EIB has significantly increased its activity, providing €1.7B in aid for urgent infrastructure repairs. The EU Bank also offered a €4B credit line to support the integration of refugees from Ukraine into EU countries. Prime Minister Denys Shmyhal noted that the government actively cooperates with the EIB in infrastructure restoration, energy, and heat supply.
A Ukrainian bank received a $40M guarantee from the DFC for small and medium-sized business lending. Raiffeisen Bank received a $40M loan portfolio guarantee from the DFC. It allows the bank to provide loans of up to $50M to small and medium-sized businesses in Ukraine over the next eight years. The guaranteed contract was concluded with technical support from USAID. Under the terms, the DFC will cover up to 80% of the non-repayment
91 UKRAINE Country Report December 2023 www.intellinews.com