KIEV, May 4 – The strategy for state-owned banks being designed will focus on settling the problem of competition between the financial institutions, first of all PrivatBank and Oschadbank, Finance Minister Oleksandr Danyliuk said.

"Oschadbank is competing with PrivatBank. I cannot criticize managers of the two banks for competition: they are commercial structures, they fight for clients and this is a normal thing. However, often in this competition banks forget about economic effectiveness, restricted capital and the necessity of comparing their decisions with their possibilities. The main goal of commerce is profit making, and not to steal clients from a rival at a sacrifice… This is the main problem that should be settled now, as the state could lose large money," he said.