PrivatBank repaid more than UAH 1 bln of central bank refinancing

On December 31, 2015 PrivatBank repaid UAH 1.064 bln to the National Bank of Ukraine that had been received as a refinancing loan during the political and economic uncertainty of 2014-2015.

Oleg Gorokhovskiy, First Deputy Chairman of the PrivatBank’s Board noted that refinancing is by no means a cheap source of funding and the bank upholds its obligations considering the positive dynamics in its customer deposits portfolio and stabilisation of the situation in the financial market.

During the last quarter of 2015 the sum of individuals’ deposits in PrivatBank balance sheet grew by UAH 8.52 bln, exceeding the growth in the 3rd quarter of 2015 by UAH 2.9 bln.