A process for continuously enzymatically converting water soluble .alpha.-ketocarboxylic acids in a membrane reactor equipped with an ultrafiltration membrane into the corresponding aminoacids comprising carrying out the conversion in the presence of a substrate specific dehydrogenase, of ammonium ions and of a nicotinamide-adenine-dinucleotide (NAD.sup.+ /NADH) of increased moecular weight through linkage to a water soluble polymer as coenzyme while simultaneously regenerating NADH from NAD.sup.+ in presence of a formate dehydrogenase by means of formate ion, said membrane having a mean pore diameter of 1 to 3 nm, there being employed as coenzyme 0.1 to 10 mmol/l of NAD.sup.+ /NADH bound to a polyoxyethylene having an average molecular weight between 500 and 50,000, continuously supplying to the reactor a substrate stream which contains 50 to 100% of the maximum amount soluble, but not over 2,000 mmol/l, of the reacting .alpha.-ketocarboxylic acid in the form of a water soluble salt as substrate, an ammonium ion in an amount about equimolar to the amount of substrate and 100 to 6,000 mmol/l of a formate, maintaining over the membrane a differential pressure of 0.1 to 15 bar and continuously drawing off behind the membrane a filtrate stream containing the aminoacid formed.