December 18, 2016 / 11:45 PM / in 7 months

Ukraine finance minister says PrivatBank depositors' money safe

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Ukrainian Finance Minister Oleksandr Danylyuk speaks during an interview with Reuters in Berlin, Germany, August 30, 2016.Joachim Herrmann

KIEV (Reuters) - Ukraine's Finance Minister Oleksandr Danylyuk said on Monday that the money of depositors at PrivatBank, the country's largest lender, was safe and secured by the state, and that the bank was working normally.

Danylyuk made the comments on Facebook after the government announced a decision to nationalize PrivatBank, which is part-owned by one of Ukraine's richest and most powerful businessmen.

Reporting by Natalia Zinets; writing by Matthias Williams

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