Protecting creditors' rights is one of the pillars of creating a favorable investment climate—statement by the supervisory board of Oschadbank

During the period of full-scale war, Oschadbank filed a number of lawsuits in courts of various instances in the jurisdictions of Ukraine, the US, the UK, the Czech Republic, Finland, and France against individuals, companies, and states whose actions or inaction caused damage to the state bank.

The position of Oschadbank's supervisory board on this issue is in line with leading global practices: protecting the rights of creditors ensures the stability of the protection of the rights of bank depositors and the preservation of their deposits.

The fulfillment of borrowers' obligations is one of the key elements of the investment climate, as the reliability and predictability of the fulfillment of contracts, agreements, and obligations to investors is a decisive factor in attracting capital and lending, especially during wartime.

Oschadbank is one of the main banks that continues to support business throughout the territory controlled by Ukraine during the full-scale war. We are market leaders in lending to legal entities (based on net portfolio). Good faith, proper fulfillment of credit obligations, and no ties to the aggressor country are our fundamental criteria that apply to all borrowers.

We have a unified approach, using only legal means to defend our interests in all jurisdictions when dealing with all unscrupulous counterparties.

Leading Ukrainian and international law firms cooperating with Oschadbank use the full range of evidence in court proceedings, including public statements by debtors.

The success of our strategy is confirmed both by the decisions of international courts to recover from Russia the losses caused to Oschadbank as a result of the annexation of Crimea and by our actions to acquire ownership of the collateral for the problematic asset of the Gulliver commercial and office complex by creditors (a consortium of state-owned banks). Proceedings have also been initiated in the London Court of International Arbitration (LCIA) on the claims of Oschadbank and Ukreximbank to recover funds from Viktor Polischuk (owner of the Gulliver COC) under the guarantee for the obligations of Three O LLC.

Oschadbank's Supervisory Board will continue to use best corporate governance practices to monitor and support the management board's efforts to ensure the stable operation of the state-owned bank, which plays an important role in supporting the Ukrainian economy. This will include, in particular, the use of all legal means to prevent potential losses to the bank due to the dishonesty of debtors.