Privatbank
PrivatBank – Your point of support!
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| Public Joint-Stock Company | |
| Industry | Banking, investment |
| Founded | 1992 |
| Headquarters | Dnipro, Ukraine |
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Key people
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Oleksandr Shlapak (Chairman) |
| Services | Financial services |
| Revenue |
 ₴ 18.910 billion |
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₴1.307 billion (for 2013) |
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| Owner | Government of Ukraine |
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Number of employees
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over 30 000 |
| Parent | Privat Group |
| Subsidiaries |
AS PrivatBank (Latvia) AS PrivatBank (Portugal) AS PrivatBank (Italia) PrivatBank IBU(Cyprus) |
| Website | privatbank.ua |
PrivatBank (Ukrainian: ПриватБанк) is the largest commercial bank in Ukraine, in terms of the number of clients, assets value, loan portfolio and taxes paid to the national budget. PrivatBank has its headquarters in Dnipro, in central Ukraine.
On 18 December, 2016, the bank was nationalized by the government of Ukraine, taking 100% ownership.
PrivatBank was one of the first private commercial banks, established in Ukraine. Decision on PrivatBank establishment was taken at the meeting of its founders on 7 February 1992. On 19 March 1992 the bank already passed its state registration. by Serhiy Tihipko was one of the founders and the first Chairman of the Board.
Privatbank was founded in Latvia in the year 1992. One of the first and oldest banks in Latvia.
At the very beginning PrivatBank had just one office and several computers. It was the first in Ukraine who introduce plastic cards and ATMs. PrivatBank was also the first financial organization in Ukraine to get international rating.
In 1996 it became a full member of Visa International payment system and commenced the large-scale plastic card emission.
In 1997 PrivatBank became the first Ukrainian bank to obtain rating statement from Thomson BankWatch International Rating Agency, and become a full member of Europay payment system.
In 1998 the bank obtained its rating statement from Fitch IBCA International Rating Agency. In November 1998 the bank won a tender and was selected as a servicing bank authorized to perform in Ukraine the payments of the Swiss Holocaust Memorial Fund.
In 1999 PrivatBank opened its International Banking Unit in Cyprus. PrivatBank branch in Nicosia was the first Ukrainian bank branch established abroad.
In 2000 the bank was included in the group of banks authorized to pay compensations to Ukrainian citizens suffered from Nazi pursuit during the Second World War. In 2000 the PrivatBank’s form of ownership changed – on 6 July PrivatBank members decided on the bank’s reorganization from Limited Liability Company to . Thereupon, on 4 September 2000 the first Articles of Association of the Closed Joint-Stock Company Commercial Bank "PrivatBank" were registered.
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Wikipedia