KIEV, Oct. 25 – Fitch international rating agency has said it is alarmed at the absence of a strategy for the development of banks that were recapitalized using budget funds, the director of the financial organizations department at Fitch, Olha Ihnatyeva, said at the Fitch Rating in Ukraine seventh annual conference in Kiev on Wednesday.

"Three banks nationalized by the state in the crisis period are actually not operating, and their development strategy is unclear," she said, adding that out of these banks Rodovid Bank became a bank for bad assets, but the process has not been finished.

Three banks in Ukraine – Ukrgasbank, Bank Kyiv and Rodovid Bank – were recapitalized using budget funds.