Justice minister: Return of PrivatBank to Kolomoisky unlikely, but possible

The return of PrivatBank (Kyiv) to its former shareholder Ihor Kolomoisky is unlikely, but it is possible in theory, if the Verkhovna Rada passes a bill on improving some mechanisms for regulating banking activities at second reading, the likelihood of the return of the bank to its ex-shareholders would decline to 1%, Justice Minister of Ukraine Denys Maliuska has said.

“Under certain circumstances, with several decisions of judges… it is extremely unlikely, but now it is theoretically possible. If a bill [on banking activities] is passed, which… is now under consideration by the committees, then such a return will be 99% impossible,” he said on the NV radio on April 24.

Maliuska also said that he left 1%, since it is difficult to guarantee that “some judge will not lose common sense and will not announce some kind of nonsense, which will then be canceled.”