KIEV, Oct. 3 – Ukraine hopes to start seeking reliable international financial institutions in the middle of 2018 to sell at least 20% of shares in the country's two largest state-owned banks, Oschadbank and Ukreximbank, a Memorandum of Economic and Financial Policies by the Ukrainian government with the International Monetary Fund reads.

"By mid-2018 upon the effective implementation of their action plans and revised strategies, we will seek to sell, to reputable international financial institutions, no less than 20% of our interest in the two largest state-owned banks (SOBs), and within the same timeframe we will aim to unwind the current full guarantee on Oschadbank's deposits," the memorandum reads.