"PrivatBank" Public joint-stock company
The largest Ukrainian universal commercial bank operating under the license of the National Bank of Ukraine № 22 dated October 5, 2011, focused on servicing individuals and corporate clients of all forms of ownership, is included in the list of systemic banks of Ukraine, has one of the largest capital and net assets. According to experts from Euromoney and Global Finance magazines, in 1999 PJSC CB Privatbank was recognized as the best Ukrainian bank in the nomination of the best banks in emerging markets. In the banking system of Ukraine, Privatbank belongs to the group of new commercial banks, the so-called "second wave" banks, in contrast to the state banks of the first wave. During the eight years of its existence, the bank has achieved a leading position in the market of banking services in Ukraine by increasing market share, increasing efficiency, continuously improving reliability, increasing competitiveness and complexity of providing banking products to its customers. This was achieved through the joint work of the bank's cohesive staff based on a progressive management system and advanced banking technologies.
On April 25, 2017, the international rating agency S&P announced the increase of PrivatBank's credit ratings from "SD" to "CCC + / C", and noted the outlook on the bank's ratings as "stable". According to S&P, the rating increase is due to the successful completion of the recapitalization process by the bank and the Government of Ukraine, as well as the fact that PrivatBank serves its obligations on time and in full. The "stable" outlook reflects the agency's expectation that the government will support the recently nationalized bank.
On July 4, 2018, PrivatBank (Kyiv) and UnionPay International (PRC) signed a memorandum of strategic partnership. UnionPay International (UPI) is a subsidiary of China UnionPay, China's national payment system and the world's largest international payment system in terms of transactions and payment cards issued. Ukraine will become the 170th country in the world to develop the UnionPay card service. According to P. Krumhanzl (PrivatBank Chairman of Board), at the first stage PrivatBank in cooperation with UnionPay is considering the possibility of launching in 2019 the service of UnionPay International payment system cards in ATMs and payment terminals of the bank. Moreover, the bank and UnionPay plan to develop joint innovative payment products.
PrivatBank is the leader of the country's banking market and the largest bank with Ukrainian capital. The bank's strategy is aimed at the transition from service in the bank's branches to the ideology of teaching customers to use remote banking tools. In 2015, MasterCard designated PrivatBank the largest bank in Eastern Europe in terms of the number of Maestro / MasterCard cards issued. As of the end of 2014, more than 30 million such PrivatBank cards were in circulation. Also PrivatBank ranks first in the region in acquiring these cards, ensuring their reception in more than 76 thousand outlets.
- PJSC CB PrivatBank and Finance Company Finilon LLC v. The Russian Federation
This is one of the largest law firms in the world devoted solely to business litigation and arbitration. Today, the firm employs more than 800 lawyers in 23 offices located in 10 countries.
involved legal advisers and experts:
- Alex Gerbi
- Epaminontas Triantafilou
- Hafsa Zayyan
- Anna Tkachova
- Ms. Neza Hren
- Ms. Sonal Pandya
- Philippe Pinsolle
- Marc Reifsnyder