KIEV, May 6 - Ukraine's Cabinet of Ministers has approved the bill on amendments to a number of legal acts regarding state banks management.

"The bill is developed as part of implementing the foundations of strategic reform of the public banking sector. It is aimed at depoliticizing and improving the efficiency of work of state-owned banks for converting them into profitable institutions. The bill is agreed with the IMF and is part of our commitments in the framework of cooperation," Minister of Finance Oleksandr Danyliuk said presenting the bill.