Oschad's financial results: last year's profit before tax approved by the shareholder is UAH 18.6 billion, Q1 2025 result is UAH 4.8 billion

The Cabinet of Ministers of Ukraine has approved Oschadbank’s financial statements for 2024. According to audited data, the bank’s pre-tax profit amounted to UAH 18.6 billion, marking a record high in the bank’s history. This figure doubled compared to 2023. The bank’s operating profit increased by 20% year-on-year, surpassing UAH 14 billion.  Profit before tax expenses for 2024 totaled UAH 10.7 billion, resulting in a net profit of UAH 7.9 billion for the year.  An independent auditor, Ernst & Young Audit Services LLC, has verified Oschadbank’s financial statements.

According to the Cabinet’s decision, Oschadbank’s net profit for 2024 will be distributed as follows: 

• 50% of net profit, or UAH 3.9 billion, will be paid as dividends to the state budget;
• 5% of net profit, or UAH 0.4 billion, will be allocated to the reserve fund;
• 45% of net profit, or UAH 3.6 billion, will be used to cover accumulated losses from previous years.

In the first quarter of 2025, Oschadbank achieved a net profit of UAH 4.8 billion. The bank’s net interest income reached approximately UAH 7.4 billion, exceeding the Q1 2024 result by more than UAH 2 billion (or 39%). During this period, Oschadbank’s operating profit amounted to nearly UAH 5 billion, a third higher than the same period in 2024.

“Following a record-breaking 2024, Oschadbank continues to perform successfully in 2025, as evidenced by the results of the first three months. The current profit is driven by operational activities, achieved through the bank’s team efforts aimed at sustaining business growth. In response to challenges posed by rising inflation, Oschad is actively improving cost control mechanisms. Our focus continues to be on  increasing support for citizens, businesses, and the state budget. I thank the Oschad team for these achievements,” commented Sergii Naumov, CEO of Oschadbank.

As of April 1, 2025, Oschadbank maintains a strong liquidity and capital position. The regulatory capital adequacy ratio stands at 13.10%, significantly exceeding the National Bank of Ukraine’s minimum requirement which is 9,25%.