December 19, 2019 / 9:30 AM / a month ago

Ukraine's PrivatBank announces additional court claims against former owners

KIEV, Dec 19 (Reuters) - Ukraine’s largest lender PrivatBank, which was nationalised in 2016, said on Thursday it had initiated more legal claims abroad for compensation against its former owners.

The bank said in a statement it had started new litigation at the district court of Tel Aviv for a claim of $600 million. The bank has also increased the amount of its claims in a separate case at the Chancery Court of Delaware.

PrivatBank made the announcement on the same day as a court in Ukraine began hearing the authorities’ appeal in another case between the state and former PrivatBank owner Ihor Kolomoisky, who said the bank’s 2016 nationalisation was illegal.

Reporting by Natalia Zinets; editing by Matthias Williams and Jason Neely

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