The Cabinet of Ministers has endorsed the “Guidelines of the strategic reform of the state-owned banks” which were elaborated to solve the key issues hampering the effective work of the state-owned banks.

The document is aimed to reconfigure the principles and mechanisms of corporate management at the state-owned banks and to build up a management system for them which should be immune from political influence.

One of the key points of the Strategy is the adjustment of the corporate management system to the OECD recommendations. This should contribute to more stability in bank operations, improve banks’ performance and result in their better assessment by potential investors.

According to Deputy Finance Minister of Ukraine Artem Shevaliov, denationalization of small banks is planned till the end of 2017.