The Russians pounced on the loans of the Ukrainians: what happens to the debts of PrivatBank clients

A resident of the Kherson region, which is now under the occupation of the Russian Federation, complained that his loan from the Ukrainian PrivatBank was transferred to the Russian Tinkoff Bank.

As they write in the Telegram channel “Lawyer of Rights”, in this way the Russian invaders managed to take possession of the database of debtors of financial institutions in our country.

The Ukrainian published a correspondence with the manager of the Russian Tinkoff Bank, who confirmed that his debt from the Ukrainian financial institution was transferred to the Russian one:

In the Kherson region, the debts of Ukrainians from PrivatBank were transferred to the Russian “Tinkoff Bank”

In the Kherson region, the debts of Ukrainians from PrivatBank were transferred to the Russian “Tinkoff Bank”

In the Kherson region, the debts of Ukrainians from PrivatBank were transferred to the Russian “Tinkoff Bank”

It should be noted that earlier the occupying authorities in the Kherson region promised Ukrainians to write off all debts to banks.

What will happen to loans in Ukraine?

We already wrote that the National Bank decided to raise the discount rate to 25%. There were fears that the cost of loans in Ukraine would increase after that, but the regulator assured that this would not happen.

One of the reasons is that banks determine the cost of loans based on the actual cost of funding, that is, deposits of the population and businesses. In this case, banks do not focus on the size of the discount rate. Therefore, the NBU notes that lending rates will grow gradually and in proportion to the growth in the cost of deposits and mainly with the current spread between them.

Read in our material about what to do if you cannot repay the loan, and what forecasts regarding lending were given by the NBU.