PrivatBank will send almost Hr 25 billion of profit to state budget

The Cabinet of Ministers of Ukraine has approved the distribution of profit of state-owned PrivatBank (Kyiv) for 2019, in particular, Hr 24.457 billion (75%) will be paid in dividends to the state budget, and Hr 6.522 billion will be allocated to cover losses from the previous years (20%), while the reserve fund will receive Hr 1.630 billion (5%).

The government approved the relevant decree without discussion on May 20.