KIEV (Reuters) - The new chairman of Ukraine’s PrivatBank said on Thursday he and the central bank were ready for talks with the bank’s bondholders who are facing a bail-in, but were also ready to go to court if necessary.
Ukraine declared PrivatBank, the country’s largest lender, insolvent on Monday and took it under state control.
As part of a state rescue, holders of PrivatBank Eurobonds would be subject to a bail in.
“We, together with the central bank, will try to find common language with the Eurobond holders,” Oleksandr Shlapak told a televised press conference in the city of Dnipro, where PrivatBank is headquartered.
“Otherwise we will try to defend our position in the courts,” he added.
Reporting by Natalia Zinets; Writing by Matthias Williams; Editing by Alexander Smith