KIEV, Nov. 17 – The share of troubled credits in the Ukrainian banking system could grow to 20% by late 2009, according to Stanislav Arzhevitin, the first deputy head of the parliamentary committee for finance and banking activities and the head of the council of the Association of Ukrainian Banks.

"The share of troubled assets according to official statistics is up to 10%. I think that today it is 15%. By yearend we could have 20%," he said speaking at the fourth annual conference of the Adam Smith Institute's Ukrainian Banking Forum in Kiev on Tuesday.