Fitch Ratings affirms Oschadbank's ratings

The international rating agency Fitch Ratings has affirmed Oschad's ratings at the current level.

Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at 'CCC' and Long-Term Local-Currency (LTLC) IDR at 'CCC+'. The IDRs do not carry an Outlook at this rating level. The Viability Rating (VR) has been affirmed at 'ccc'. Fitch has also assigned a Short-Term LC IDR of 'C'

Fitch notes that the current ratings reflect the challenging operating environment due to the full-scale war, but at the same time the bank's sufficient liquidity, stable financial performance and support from the state and the regulator.

According to the agency's conclusions, Oschadbank remains the second-largest bank in Ukraine with a 12% share of banking sector net assets. Fitch also notes moderate growth in the loan portfolio, stable capitalization and a high share of customer deposits in the funding structure (97%).

Fitch analysts predict that Oschadbank's operating profitability will remain moderate but stable due to effective risk management and maintaining customer trust.

https://www.fitchratings.com/research/banks/fitch-affirms-oschadbank-at-ccc-22-10-2025