About the Bank

Stability and profitability in times of war

Last year was a year of important strategic changes for Oschadbank, record financial results and new initiatives aimed at supporting Ukraine's economy in times of war. Despite the challenges of wartime, the bank continues to operate smoothly and is efficient, liquid, operationally stable and profitable.

Oschad has started implementing the new strategic program for 2024-2028 approved by the Supervisory Board, which defines three key areas of its development: efficiency, further modernization and resilience. This roadmap provides a clear understanding of how Oschadbank will move forward in a challenging environment.

In 2024, the bank achieved a record pre-tax profit of over UAH 18.6 billion, with net profit of about UAH 8 billion, even taking into account the increased tax burden. Oschadbank's assets increased by 25% to UAH 431 billion. Compared to 2023, this figure has doubled. According to the bank's management accounts, its operating profit increased by 20% year-on-year and crossed the UAH 14 billion mark.

In 2024, the volume of Oschadbank's net loan portfolio increased by UAH 22 billion (25%) and exceeded UAH 111 billion. This was made possible by active lending to both businesses (up by UAH 15.9 billion since the beginning of the year) and individuals (up by UAH 6.1 billion).

2024 was a milestone year for the retail mortgage business: for the first time, the volume of the relevant loan portfolio exceeded UAH 10 billion. Oschad expanded its lending terms, in particular, by introducing its own floating-rate mortgage product.

Also, noteworthy are the results of eOselia, the state mortgage program, under which more than UAH 14.6 billion of loans were issued in 2024, which is 65% more than in 2023. Oschadbank retained its leadership in this program with a 40% share in terms of both number and amount of loans. In the primary market, the bank accredited 23 developers, 28 residential complexes and 55 construction projects. More than 3,000 concessional loans were granted, and 8 regional programs were launched to help clients receive interest rate compensation.

In 2024, Oschadbank retained its leadership in the car lending market with a 38% share. The bank issued more than 3.9 thousand such loans for a total amount of almost UAH 3.6 billion, which is 10% more than in 2023.

Energy efficiency and energy independence programs became a new area of retail business last year. Oschad's market share in this area is currently 60%. Oschadbank actively supported the government's initiatives by issuing more than 700 loans worth more than UAH 235 million under the Energy Independence of Households program. In total, in 2024, more than 3,000 loans worth UAH 450 million were issued to individuals for energy-generating equipment. Moreover, 90% of transactions are authorized automatically.

Oschad remains the leader among Ukrainian banks in terms of term deposits, which indicates high confidence in the bank's brand. The amount of funds on the accounts of individuals in Oschadbank increased by 11.6%, reaching UAH 210 billion. In particular, term deposits grew by 6.6% to almost UAH 90 billion and demand deposits by 15.6% to UAH 120.7 billion, respectively.

As a leading Ukrainian bank, Oschad continues to play a key role in supporting businesses and the economy of the country.

New loans amounting to UAH 14.5 billion were disbursed to entrepreneurs, 30% of which were issued under partnership programs with interest rates starting from 0.01% per annum. Among the main sectors that received funding were agriculture (45.6%) and industry (27.7%).

Oschadbank paid special attention to increasing the level of energy independence of businesses, financing more than 300 projects totaling more than UAH 1 billion. Another 630 projects with a total value of UAH 2.3 billion are in the works, which will generate more than 100 MW.

Support and reintegration of veterans have been and remain the focus of Oschad's attention. The bank is an active participant in the program of providing grants for the creation or development of own business to combatants, people with disabilities as a result of war, and their families. Over the past year, more than 1,100 veterans received UAH 530 million in grants for business development with the assistance of Oschad. As part of Oschadbank's own veteran project, Business 4.5.0, a platform has been created to finance businesses and provide advice to veterans and their families. Since the start of the program in April 2024, they have opened more than 470 accounts and received funding worth more than UAH 71.5 million. Thanks to this initiative, Oschad remains the only bank that finances newly created veteran enterprises.

Oschadbank actively supports export-oriented businesses. In 2024, it became the undisputed leader in cooperation with the Export Credit Agency (ECA). Thanks to this partnership, the bank provided financing worth over UAH 200 million.

Oschad has 15 memoranda of cooperation with regional military administrations and municipalities aimed at jointly supporting local businesses. Five of them were signed last year. The total amount of loans under these agreements is about UAH 300 million, with compensation from local budgets amounting to UAH 20 million.

The bank continues to provide financial support to large businesses. The volume of the relevant loan portfolio in 2024 increased by UAH 9.3 billion to UAH 64.5 billion. New loan agreements worth over UAH 21.4 billion were concluded. Since the beginning of the year, the amount of customer funds attracted has increased by 63% to UAH 108.3 billion.

Oschadbank is a leader in financing energy projects of large businesses, with a 30% market share. During 2024, after the decline in activity due to the full-scale war, the volume of loan agreements concluded by Oschadbank with energy sector enterprises in the corporate segment increased 4 times. 33% of the loan portfolio in 2024 is the support of energy companies.

The volume of trade finance transactions increased to UAH 3 billion, which is twice as much as the year before.

Oschadbank's network, which is the largest among all Ukrainian banks and comprises about 1,150 branches, ensures stable access to banking services throughout the government-controlled territory of Ukraine. More than 700 branches are provided with alternative sources of electricity in case of blackouts. Over 60% of the network meets the state standards of inclusiveness, and 23 branches have the status of super-inclusive (they were created according to Oschadbank's own project).

As of the end of 2024, 5 mobile armored units of Oschad operated in the frontline regions, providing banking services to areas where no other bank operates. They operate in the Donetsk, Sumy, Kherson, Kharkiv and Chernihiv regions.

Oschadbank is the only bank with such an extensive network and systematic approach to inclusion. The bank does not just introduce individual initiatives, but builds a holistic inclusive ecosystem that covers physical, digital and communication barriers. That is why many ratings recognize Oschad as a leader in financial inclusion in Ukraine.

Oschadbank's own program “My Accessibility” has become a model of inclusiveness in the financial sector. It is aimed at gradually transforming the country into a barrier-free environment. This program includes internal reforms (improving the accessibility of banking services) and an information campaign to promote the idea of a barrier-free Ukraine. A separate area is assistance to female and male veterans, which consists of many projects aimed at their rehabilitation and reintegration. Initiatives in this area include the opening of four mobile rehabilitation modules for war victims, a sterilization unit and two wards at the Superhumans Center, assistance to demobilized employees, and economic reintegration of Ukrainian heroes.

In the reporting year, Oschadbank became a general partner of the Ukrainian Paralympic Movement, which helps Ukrainian veterans with disabilities to better reintegrate into civilian life.