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About Oschadbank

The Joint-Stock Company “State Savings Bank of Ukraine” was established in compliance with Decree of the Cabinet of Ministers of Ukraine of May 21, 1999, N 866 through transformation of the State Specialized Commercial Savings Bank of Ukraine into the Open Joint-Stock Company.

The founder of the Bank is the State in the person of the Cabinet of Ministers of Ukraine. JSC “Oschadbank’ is one of the largest financial institutions of Ukraine. Over 6 thousand of its offices carry out their functions, including the disbursement of pensions, social aid, processing of utility payments and other banking transactions. Taking into account its social orientation the Bank aims at maintaining a wide presence in all regions of Ukraine. 

Oschadbank is the only Ukrainian bank where the deposits and other valuables of citizens are fully guaranteed by the state by law. The Bank has confirmed its status of the stable financial institution; its economic potential empowers it to meet all its liabilities. 

The Bank is actively working in almost all sectors of the Ukrainian financial market; it provides services to large corporate clients, such as offices of the Pension Fund of Ukraine, UDPPZ Ukrposhta, the members of the wholesale electrical energy market at a modern level. 

Oschadbank is the universal banking institution focusing its efforts on creating of favorable conditions for customers servicing, expanding of the banking services and products range in the market.

Financial calendar

This financial calendar contains preliminary dates* of future financial statements releases and other events within JSC “Ochadbank”

2019
Release of full year 2018 Audited Financial Statements under IFRS May, 2019
Release of 1st Quarter 2019 Results under IFRS May, 2019
Release of 2nd Quarter 2019 Results under IFRS July, 2019
Release of 1H2019 Interim Financial Statements under IFRS October, 2019
Release of 3rd Quarter 2019 Results under IFRS October, 2019

* Subject to further update

Key figures and ratios under IFRS

(in UAH bn) IH 2019 YE 2018 YE 2017 YE 2016 YE 2015
Net interest income before provision 2,95 5,46 5,52 5,89 5,90
Net interest income 2,25 6,63 3,58 2,69 -9,83
Net fee and comission income 1,94 3,47 2,70 2,13 1,63
Operating income 4,77 8,60 7,70 6,05 -8,01
Operating expenses -4,64 -8,57 -7,14 -5,59 -4,26
Profit before income tax 0,13 0,03 0,56 0,47 -12,27
 
(in UAH bn) IH 2019 YE 2018 YE 2017 YE 2016 YE 2015
Total assets 216,72 217,79 233,87 210,64 159,10
Loans to customers 66,39 67,54 74,50 65,95 65,46
Customer accounts 156,92 154,02 150,15 145,59 94,25
Total equity 18,18 18,56 31,25 15,75 7,36
Share capital 49,72 49,72 49,72 35,11 30,15
 
% IH 2019 YE 2018 YE 2017 YE 2016 YE 2015
ROAE 1,4* 0,8 2,4 4,1 -92,3
ROAA 0,1* 0,1 0,3 0,3 -8,7
Tier 1 ratio 12,1 11,0 16,2 9,6 4,5
Capital Adequacy Ratio (CAR) 14,1 13,4 18,9 13 6,3
Net Interest margin 3,1* 2,7 2,7 3,5 4,5

*annualized

Credit Ratings

Fitch Ratings (revision date 24.09.2019)
National long-term rating AA (ukr)
Foreign currency long-term issuer default rating B*
Local currency long-term issuer default rating B*
Foreign currency short-term issuer default rating B*
Viability rating  b-
Support rating 4
 
Moody’s Investors Service (revision date 27.11.2019)
Baseline credit assessment caa1
Long-term Bank Deposit Rating (Local Currency) Caa1     positive outlook
Long-term Bank Deposit Rating (Foreign Currency) Caa2     positive outlook
Long-term Senior Unsecured Regular Bond/Debenture Caa1     positive outlook
Long-term NSR Counterparty Risk Rating A3

* ratings assigned to the Bank are brought in line with the country’s ratings

IFRS Financial Statements

2019

2018

2017

2016

2015

2014

2013



ARTICLES OF ASSOCIATION OF JOINT STOCK COMPANY "STATE SAVINGS BANK OF UKRAINE"