KIEV, Sept. 22 – The mortgage crisis in the United States will not affect Ukrainian banks, according to the chairman of Dnipropetrovsk-based PrivatBank, Oleksandr Dubilet.

"Ukrainian banks will not feel the impact of the U.S. mortgage crisis, as the resource base of our banks mainly consists of funds taken from the public and companies, and the liquidity of the largest banks is in line with the toughest requirements of the banking surveillance [system]," said Dubilet.

He said that Ukrainian banks do not depend on the trends on the international market as much as European or Russian ones do, due to the traditionally small volumes they borrow from abroad. Ukrainian banks have fewer transactions on the stock market, and their key efforts are aimed at retail development, the banker said.