About Oschadbank

The Public 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.

Information for investors

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 Statement under IFRS April, 2019
Release of 1st Quarter 2019 Results under IFRS April, 2019
Release of 2nd Quarter 2019 Results under IFRS July, 2019
Release of 1H2019 Interim Financial Statement under IFRS September, 2019
Release of 3rd Quarter 2019 Results under IFRS October, 2019

* Subject to further update

Key figures and ratios under IFRS

(in UAH bn) YE 2017 YE 2016 YE 2015
Net interest income before provision 5,52 5,89 5,90
Net interest income 3,58 2,69 -9,83
Net fee and comission income 2,70 2,13 1,63
Operating income 7,70 6,05 -8,01
Operating expenses -7,14 -5,59 -4,26
Profit before income tax 0,56 0,47 -12,27

(in UAH bn) YE 2017 YE 2016 YE 2015
Total assets 233,87 210,64 159,10
Loans to customers 74,50 65,95 65,46
Customer accounts 150,15 145,59 94,25
Total equity 31,25 15,75 7,36
Share capital 49,72 35,11 30,15

% YE 2017 YE 2016 YE 2015
ROAE 2,4 4,1 -92,3
ROAA 0,3 0,3 -8,7
Tier 1 ratio 16,2 9,6 4,5
Capital Adequacy Ratio (CAR) 18,9 13 6,3
Net Interest margin 2,7 3,5 4,5

*annualized

Credit Ratings

Fitch Ratings
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 5

Moody’s Investors Service
Foreign currency long term bank deposit rating Caa2
Local currency long term bank deposit rating Caa1
Foreign currency senior unsecured debt rating Caa1*
Local currency senior unsecured debt rating Caa1
Baseline credit assessment caa1

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