About Oschadbank
The Joint-Stock Company “State Savings Bank of Ukraine” was established in compliance with Decree of the Cabinet of Ministers of Ukraine of May 21, 1999, N 866 through transformation of the State Specialized Commercial Savings Bank of Ukraine into the Open Joint-Stock Company.
The founder of the Bank is the State in the person of the Cabinet of Ministers of Ukraine. JSC “Oschadbank’ is one of the largest financial institutions of Ukraine. Over 6 thousand of its offices carry out their functions, including the disbursement of pensions, social aid, processing of utility payments and other banking transactions. Taking into account its social orientation the Bank aims at maintaining a wide presence in all regions of Ukraine.
Oschadbank is the only Ukrainian bank where the deposits and other valuables of citizens are fully guaranteed by the state by law. The Bank has confirmed its status of the stable financial institution; its economic potential empowers it to meet all its liabilities.
The Bank is actively working in almost all sectors of the Ukrainian financial market; it provides services to large corporate clients, such as offices of the Pension Fund of Ukraine, UDPPZ Ukrposhta, the members of the wholesale electrical energy market at a modern level.
Oschadbank is the universal banking institution focusing its efforts on creating of favorable conditions for customers servicing, expanding of the banking services and products range in the market.
Financial calendar
This financial calendar contains preliminary dates* of future financial statements releases and other events within JSC “Ochadbank”
| 2019 | |
|---|---|
| Release of full year 2018 Audited Financial Statements under IFRS | May, 2019 |
| Release of 1st Quarter 2019 Results under IFRS | May, 2019 |
| Release of 2nd Quarter 2019 Results under IFRS | July, 2019 |
| Release of 1H2019 Interim Financial Statements under IFRS | October, 2019 |
| Release of 3rd Quarter 2019 Results under IFRS | October, 2019 |
* Subject to further update
Key figures and ratios under IFRS
| (in UAH bn) | IH 2019 | YE 2018 | YE 2017 | YE 2016 | YE 2015 |
|---|---|---|---|---|---|
| Net interest income before provision | 2,95 | 5,46 | 5,52 | 5,89 | 5,90 |
| Net interest income | 2,25 | 6,63 | 3,58 | 2,69 | -9,83 |
| Net fee and comission income | 1,94 | 3,47 | 2,70 | 2,13 | 1,63 |
| Operating income | 4,77 | 8,60 | 7,70 | 6,05 | -8,01 |
| Operating expenses | -4,64 | -8,57 | -7,14 | -5,59 | -4,26 |
| Profit before income tax | 0,13 | 0,03 | 0,56 | 0,47 | -12,27 |
| (in UAH bn) | IH 2019 | YE 2018 | YE 2017 | YE 2016 | YE 2015 |
|---|---|---|---|---|---|
| Total assets | 216,72 | 217,79 | 233,87 | 210,64 | 159,10 |
| Loans to customers | 66,39 | 67,54 | 74,50 | 65,95 | 65,46 |
| Customer accounts | 156,92 | 154,02 | 150,15 | 145,59 | 94,25 |
| Total equity | 18,18 | 18,56 | 31,25 | 15,75 | 7,36 |
| Share capital | 49,72 | 49,72 | 49,72 | 35,11 | 30,15 |
| % | IH 2019 | YE 2018 | YE 2017 | YE 2016 | YE 2015 |
|---|---|---|---|---|---|
| ROAE | 1,4* | 0,8 | 2,4 | 4,1 | -92,3 |
| ROAA | 0,1* | 0,1 | 0,3 | 0,3 | -8,7 |
| Tier 1 ratio | 12,1 | 11,0 | 16,2 | 9,6 | 4,5 |
| Capital Adequacy Ratio (CAR) | 14,1 | 13,4 | 18,9 | 13 | 6,3 |
| Net Interest margin | 3,1* | 2,7 | 2,7 | 3,5 | 4,5 |
*annualized
Credit Ratings
| Fitch Ratings (revision date 24.09.2019) | |
|---|---|
| National long-term rating | AA (ukr) |
| Foreign currency long-term issuer default rating | B* |
| Local currency long-term issuer default rating | B* |
| Foreign currency short-term issuer default rating | B* |
| Viability rating | b- |
| Support rating | 4 |
| Moody’s Investors Service (revision date 27.11.2019) | |
|---|---|
| Baseline credit assessment | caa1 |
| Long-term Bank Deposit Rating (Local Currency) | Caa1 positive outlook |
| Long-term Bank Deposit Rating (Foreign Currency) | Caa2 positive outlook |
| Long-term Senior Unsecured Regular Bond/Debenture | Caa1 positive outlook |
| Long-term NSR Counterparty Risk Rating | A3 |
* ratings assigned to the Bank are brought in line with the country’s ratings
IFRS Financial Statements
2019
-
7.97 mbConsolidated Financial Statements For the six months ended 30 June 2019
2018
-
7.97 mbFinancial Statements (consolidated) 2018 according to IFRS
-
2.02 mbConsolidated Management Report 2018
-
4.06 mbInterim Condensed Consolidated Financial Statements for 6 month 2018
2017
-
5.15 mbFinancial Statements (Consolidated) 2017 according to IFRS
-
2.90 mbInterim Condensed Consolidated Financial Statements for 6 month 2017
2016
-
4.77 mbFinancial Statements (Consolidated) 2016 according to IFRS
-
2.59 mbInterim Condensed Consolidated Financial Statements for 6 month 2016
2015
-
1.01 mbFinancial Statements (Consolidated) 2015 according to IFRS
-
4.63 mbInterim Condensed Consolidated Financial Statements for 6 month 2015
2014
-
2.01 mbFinancial Statements (Consolidated) 2014 according to IFRS
-
2.12 mbInterim Condensed Consolidated Financial Statements for 6 month 2014
2013
-
1.83 mbFinancial Statements (Consolidated) 2013 according to IFRS
ARTICLES OF ASSOCIATION OF JOINT STOCK COMPANY "STATE SAVINGS BANK OF UKRAINE"