KIEV, July 4 – The National Bank of Ukraine is to oversee the realization of a strategy for the development of state-run banks, reads an annual address of the Ukrainian president to lawmakers presented to Parliament.

"[The NBU will oversee] the reorganization of state banks into a tool of effective economic and financial policy via the adoption of a single strategy for the development and operation of state banks, with division of strategic directions for each of them… [via] the provision of efficient controls by the NBU over the realization of the strategies," reads the document.

The head of state also supports the toughening of supervision over the operation of large financial institutions and the monitoring of systemic risks.