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Court Rulled Nationalization Of PrivatBank Illigal In Kiev

People enter the branch of Privat Bank in Kyiv, Ukraine, April 26, 2019. Kyiv District Administrative Court ruled that the nationalization of PrivatBank, Ukraines largest financial institution, was illegal. The bank was previously owned by billionaire oligarch Ihor Kolomoisky before the nationalization. The Ukrainian government nationalized PrivatBank after it was found to have an over $5.5 billion hole in its ledger. That money was allegedly extracted by Kolomoisky and his business partner Gennadiy Bogolyubov using fraudulent schemes. (Photo by Sergii Kharchenko/NurPhoto)

Photo ID	#4227990
Date Taken	26 April 2109
Location	N/A
Photographer	Sergii Kharchenko/NurPhoto
Category	Economy, Business and Finance
Copyright	© 2026 NurPhoto - Sergii Kharchenko/NurPhoto

ukraine kyiv kiev finance privat privatbank economy skating building outdoor person road nationalization of PrivatBank branch of Privat Bank billionaire oligarch Ihor Kolomoisky Kyiv District Administrative Court Ukrainian government nationalized PrivatBank business partner Gennadiy Bogolyubov Ukraines largest financial institution fraudulent schemes Sergii Kharchenko NurPhoto People hole ledger money