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PrivatBank is the largest commercial bank in Ukraine, based in the city of Dnipropetrovsk. The bank's primary owners include Ukrainian oligarchs, Ihor Kolomoyskyi and Henadiy Boholubov, with the bank being at the financial and management core of their Privat business group. On 16 August 2007, the name of PrivatBank's Latvian subsidiary, AS Banka Paritāte, was officially changed to AS PrivatBank as part of a strategy to strengthen the banking group's regional brand recognition

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