OREANDA-NEWS. November 20, 2009. European Bank for Reconstruction and Development (EBRD) believes expedient for Ukrainian banks to form part of capital in foreign currency to avoid currency risks, said EBRD director in Ukraine Andre Kuusvek at a fourth annual conference of Adam Smith Institute “Ukrainian banking forum” in Kiev on, reported the press-centre of MEGABANK.

"Any devaluation affects the bank’s balance… The regulator should think … how to allow the banks to keep part of capital in foreign currency", - he said.

А.Kuusvek also mentioned the importance for the banks of forming long term resources in UAH for lending to enterprises, without currency proceeds. He referenced to the experience of many countries, which went on the way of forming additional reserves in national currency for lending to economy.

According to А.Kuusvek EBRD for the last 12 months has invested into Ukrainian banking sector almost US 700 million, including more than US600 million in the form of subordinated debt for capitalization of banking system.

EBRD in this year has also invested into authorized capital of MEGABANK, PJSC and ProCredit Bank, said А.Kuusvek.