December 19, 2019 / 10:10 AM / a month ago

Ukraine court adjourns hearing in PrivatBank nationalisation case

KIEV, Dec 19 (Reuters) - A Ukrainian appeal court adjourned hearing a case on Thursday about the nationalisation of PrivatBank, pending the outcome of decisions in other cases, representatives of PrivatBank and the central bank said on Thursday.

The government took Ukraine’s largest lender into state hands in 2016 as part of a donor-backed clean-up of the finance system, saying shady lending practices under then-owner Ihor Kolomoisky had driven the bank close to insolvency.

Kolomoisky denies wrongdoing and disputes the central bank’s characterisation of PrivatBank’s finances at the time, and is demanding compensation or a share of his bank back.

Reporting by Natalia Zinets; Writing by Matthias Williams; Editing by Edmund Blair

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