Ukrainian Finance Minister Oleksandr Danyliuk has said that the idea to create an agency to manage state-owned banks is not efficient, but the ministry is mulling the creation of a fund to manage them, he said at a press conference in Kyiv on Thursday.

"I do not support the idea of creating the agency [to manage state-owned banks]. This is a hopeless modal. However, the possibility of creating a fund that would manage [state-owned] banks could be considered," the minister said.

He said that the more important issue is the drawing up of an effective strategy for state-owned banks.

"We have a working option. It is under discussion. This strategy does not answer all questions. My decision was to work more to find an option that would answer all questions," he said.