Case Study: Ukraine's Largest Bank achieves a smooth nationalization and financial stability with AlixPartners

Ukraine's Largest Bank - Customer Case Study

Ukraine’s Largest Bank, PrivatBank, faced a critical financial and governance crisis after the 2014 economic disruption exposed major weaknesses in Ukraine’s banking sector. AlixPartners was brought in by the authorities to help plan for a likely nationalization, as the bank had a capital shortfall of at least US$5.5 billion and its instability threatened 20 million customers and the wider financial system.

AlixPartners supported the orderly transition by assessing nationalization options, reviewing business continuity and post-nationalization governance, helping protect IT infrastructure and cybersecurity, and leading key stakeholder negotiations. The result was the successful nationalization of PrivatBank in December 2016, with a smooth transition, limited impact on depositors and markets, and strong recognition from international partners.