Good day! Here is a concise overview of the Order of the Cabinet of Ministers of Ukraine regarding the activities of PrivatBank:
1. **Essence of the order:** The order approves PrivatBank’s annual report for 2024, the report on remuneration of members of the supervisory board, measures based on the results of consideration of the supervisory board’s report, as well as the distribution of the bank’s net profit for 2024.
2. **Structure and main provisions:**
* The order consists of two clauses.
* The first clause approves the bank’s annual report, the report on remuneration of the supervisory board, and measures based on the results of consideration of the supervisory board’s report.
* The second clause defines the distribution of the bank’s net profit for 2024, namely: 80% for dividend payments to the state budget, 5% to the reserve fund, and 15% to cover accumulated losses of previous years.
3. **Key provisions for use:**
* The order establishes specific amounts to be allocated for dividend payments to the state, replenishment of the reserve fund, and coverage of losses.
* The amount of dividends payable to the state budget is UAH 32,112.68 million.
* UAH 2,007.04 million should be allocated to the reserve fund.
* UAH 6,021.13 million is allocated to cover accumulated losses of previous years.
