KIEV, Aug. 6 – The Ukrainian economy has reached the bottom and will stabilize in time, although the banking system is to face shocks in September and October due to a rise in toxic credits, according to Ihor Burakovsky, the director of the Institute for Economic Research and Policy Consulting.

"It's clear that at present the situation in the banking sector is very bad. We can expect that the problems will worsen... It's obvious that some banks will go bankrupt. The first decision on this has been made, but it was a hard one – concerning Ukrprombank. Unfortunately, we can say that other banks will share this fate," he said on Wednesday.