PrivatBank, Ukraine’s largest bank, will put up for sale ‘soon,’

announced Kyrylo Shevchenko, the Governor of the National Bank of Ukraine, (GlobalCapital). “The privatization of PrivatBank, which owns 20% of the Ukrainian banking market, will be of interest to the most prestigious international investors, including those from the United States and the European Union,” he said. The December 2016 nationalization of the bank prompted its previous owner, Ihor Kolomoisky, to launch 100 lawsuits. The Central Bank Governor said that he hoped that “the lawsuits will be resolved” by the end of this year. Privatization of PrivatBank is key to the government’s strategy to cut the state share of Ukraine’s banking system from 55% today to 25% in five years time.