(Adds dropped word 'at' in quote in paragraph 1)
LONDON Dec 19 The European Bank For
Reconstruction And Development could take a future stake in
Ukraine's PrivatBank if the recapitalisation and clean up of the
lender goes well, a top EBRD official said on Monday.
Frances Malige, the EBRD's regional head that oversees
Ukraine told Reuters: "When the time comes we are going to look
at developing a relationship with the institution, meaning
lending money or investing in equity."
"If we are lucky we can start looking at that in 2017. If it
goes well we may, but if not, it may be later," Malige said.
Ukraine declared the country's largest lender insolvent on
Monday and said it was bringing it under state control.
(Reporting by Marc Jones; editing by Karin Strohecker)