EBRD mulling expansion of presence in Ukraine's banking sector

The European Bank for Reconstruction and Development is mulling the possibility of expanding its presence in Ukraine's banking sector, a representative of the National Bank of Ukraine (NBU) has said.

It could be investment in one private bank and one state-run bank, director of the NBU's international relations department Serhiy Kruhlyk said.

"It's the best timing for entering," he told reporters on Wednesday.

However, he did not provide any further details.