PrivatBank asked Putin to help to transfer its assets in Crimea

28 April 2014 13:04
(QHA) -

PrivatBank has said that it is impossible to continue operating in Crimea and asked its clients to sign a petition appealing to Russian President Vladimir Putin to leave its clients in a civilized way, KyivPost reports.

Privatbank, which is Ukraine largest private bank and holds about 5 billion hryvnia ($445 million) in private deposits for customers in Crimea, halted operations there temporarily early March, citing legal uncertainty in the peninsula and an inability to deliver cash to the break-away region.

As earlier reported, Crimean Prosecutor’s Office has filed a lawsuit to seize the physical assets of the Crimean branch of Privatbank.

Number of Ukrainian banks have closed their Crimean branches after Crimean annexation by Russia.