A compromise draft law on partial and in some cases full writedown of debts on foreign currency-pegged credits of the public has been drawn up, Petro Poroshenko Bloc MP and Deputy Chairman of the parliamentary committee for financial policy and banking operations Mykhailo Dovbenko has said.

"The problem of converting currency credits has a large impact on society. Today, jointly with bankers, we’ve managed to draw up a draft law on converting currency credits. We've reached understanding with many institutions how the document to realize. First of all, the draft law includes the writedown from 25% to 70% of the debt for various categories of debtors," the press service of Petro Poroshenko Bloc reported on Wednesday, citing Dovbenko.

He said that the document states that borrowers who took credits to buy an apartment and a land parcel to build the only house could have 25% of the debt written down by banks.

For borrowers who bought social apartments (apartments with gross areas of up to 60 square meters or houses of up to 120 square meters) at least 50% of the debt would be written off. Another category – disabled persons, veterans and Anti-Terrorist Operation (ATO) participants, families with many children have the right to have over 70% of the debt written down.

"I want to add that banks plan to write down debts to inheritors of ATO participants and ATO participants who became disabled and bought the only social apartment," the lawmaker said.

"It is important that negotiations with the IMF [International Monetary Fund] were held during the drawing up of the draft law. The president, MPs from Petro Poroshenko Bloc are ready to support this draft law. Thus, we'll be able to settle the problem of borrowers and bankers," Dovbenko said.