The closing of 2/3 of Ukraine’s banks since 2014 affected 7.7 million Ukrainians – about one third of the adult population,

Eduard Bagirov, chairman of International League for the Protection of Citizens’ Rights, said Friday at a press conference at Ukrinform. The banking crisis engendered a distrust of banks, which can be seen in Kyiv’s skyline today. Rather than putting money in bank accounts, Ukrainians prefer to put their money in bricks and mortar – new apartments.

Lyubchenko said he wants banks to move from buying government debt to lending to manufacturers.

 He said he favors an innovation economy and stress on producing at home rather than importing. “The law enforcement function should leave the economy,” said Lyubchenko, who served for the last year as head of the State Tax Service. “The law enforcement function should be focused on the use of budget funds, not on the sphere of production.”

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

Oschadbank, Ukraine’s second largest bank, plans to appeal Tuesday’s decision by the Paris Court of Appeal

 that it lacks jurisdiction to arbitrate the 2014 seizure by Russia’s Sberbank of Oschadbank’s assets in Crimea. State-owned Oschadbank seeks $1.3 billion in compensation.