Oschadbank is the ambassador of the second All-Ukrainian Financial Literacy Test initiated by the National Bank of Ukraine

Oschadbank has partnered with a socially important project—the All-Ukrainian Financial Literacy Test for Adults, which is being conducted by the NBU for the second time. Last year, about 52,000 participants took part in it. The initiative is timed to coincide with World Savings Day and is designed to help Ukrainians test their financial knowledge and motivate them to self-educate in the field of financial literacy.

The online test is available free of charge from October 31 to November 7 on the financial literacy educational website “Garazd.” Anyone can take the test, but the questions are more geared toward students, adults, and older people.

“Last year, we offered Ukrainians a peculiar financial knowledge checkup for the first time, and this initiative received extremely positive feedback. We attach special significance to it; it is not about “grades” or “points,” but rather about identifying one’s strengths and areas for improvement in personal finance. In fact, it is a simulator for real financial decisions. Here, you can safely make mistakes so that you can act confidently and rationally in life," emphasized Andrii Pyshnyi, Governor of the National Bank of Ukraine.

Why is this necessary?

The financial literacy of Ukrainians is gradually improving, but it remains below the recommended level. According to the study “Financial Literacy, Financial Inclusion, and Financial Well-Being in Ukraine” (2021), the average score is 12.3 out of 21, while the baseline level according to the methodology of the Organization for Economic Cooperation and Development (OECD) is 14 points.

At the same time, the threat of payment fraud remains relevant: in 2024, losses from illegal payment card transactions increased by 37% and exceeded UAH 1.1 billion. 84% of the total amount of all losses was caused by social engineering—citizens voluntarily disclosed their personal data, payment card details, confirmation codes, and passwords for carrying out payment transactions to fraudsters.

“We want the All-Ukrainian testing to become not only a tradition but also an element of caring for one's financial literacy, so that every Ukrainian can check their financial knowledge every year: see progress, compare results, and improve skills,” said Yulia Yevtushenko, Director of the NBU Communications Department.   

The test is based on 20 practical financial cases, from budget planning and savings to using financial services and protection against payment fraud. After completing the test, participants can receive a personalized selection of materials to help them improve their financial knowledge.

In addition, by sharing their results on social media, test participants can take part in a prize draw for 20 gift boxes from the National Bank. Find out more about the terms and conditions of the prize draw at the link.

The nationwide testing is part of the implementation of the National Strategy for Financial Literacy Development until 2030.