Oschadbank Completely Settled the Debts Owed by Large Developers, TMM and Miskbudinvest, as Part of a Financial Restructuring

Full repayment of debts owed to Oschadbank by two groups of borrowers, the large construction companies, TMM and Miskbudinvest, was achieved in April 2026.

These companies’ debts were restructured in 2019–2020 pursuant to the Law of Ukraine “On Financial Restructuring.” Full repayment affirms the effectiveness of this mechanism and Oschadbank’s systematic approach to dealing with non-performing loans (NPLs).

Given the nature of their similarly-oriented activities, the structure of both of these restructurings shared common elements and was highly complex. It involved partial debt repayment through the voluntary transfer of a portion of the collateral to the bank’s balance sheet (with some assets being transferred under a sale-and-lease-back arrangement), as well as the restructuring of the remaining debt amount. Opportunities for further cooperation towards the sale of assets transferred to the Bank’s balance sheet and collaboration with other market participants were also utilized.

These are far from Oschadbank's first successful cases settled pursuant to this law (following financial rehabilitation, the WOG Group was assigned to the bank's business division for support in 2023 and the ViDi Group in 2024), but they are the first to achieve full debt repayment.

“The Financial Restructuring Law has become an effective tool for settlement of complex debts. Oschadbank is a leader in utilizing this mechanism: over the 2017–2023 period, the total volume of restructurings that resulted in the signing of a plan amounts to approximately UAH 45 billion. Our cases demonstrate that even amid the pandemic and the war, provided the borrower acts in good faith, a full restoration of solvency is perfectly achievable. “We offer businesses a chance to recover, and the Bank achieves results that are beneficial to the country’s financial stability,” said Arsen Miliutin, Deputy Chairman of the Management Board of Oschadbank, in charge of NPLs.

Oschadbank has substantially cleaned up its balance sheet by utilizing all voluntary and compulsory settlement tools available under current legislation. In 2025 alone, the Bank received funds and assets totaling UAH 7.28 billion as part of the settlement of non-performing debt.

Over the past year, Oschadbank’s non-performing assets decreased by UAH 26.9 billion, which allowed the NPL ratio to be reduced from 37.6% to 25%.

Oschadbank will continue to utilize all available tools to clean up its balance sheet and support the financial stability of the public sector.