INTERVIEW-Talks on EBRD stakes in Ukraine's banks to start in months

Пятница, 13 июня 2014 16:36 MSK

* EBRD keen to help ensure that bank system survives crisis with Russia

* EBRD still forecasting economy will shrink 7 percent this year

* Graphic of Ukraine's impact on Russia:

By Marc Jones

LONDON, June 13 (Reuters) - The European Bank for Reconstruction and Development expects to start talks on building stakes in Ukrainian banks in the next few months as it looks to ensure that Ukraine's financial system does not rupture in the wake of tensions with Russia.

In an interview with Reuters, Francis Malige, the EBRD's new head for Eastern Europe and the Caucasus, said the situation in Ukraine looked to have stabilised in recent weeks, although it was still far too early for optimism.

The EBRD's latest forecasts, issued in May, have Ukraine's economy shrinking 7 percent this year.

"We don't see at this stage an element that should push us to revise them in any direction," Malige said. "If I was a rating agency I would say it's not on negative watch, but it's not on positive watch either."

He said the EBRD's involvement in a big road building project, energy initiatives and a metro system upgrade meant it was firmly on track with plans to raise spending in Ukraine in response to its crisis to a billion euros this year.   Продолжение...