Oschadbank

According to preliminary NBU data, state Oschadbank booked net profit of UAH 3.0bn ($57m) in 3Q24 (-24% q-o-q), bringing 9M24 net income to UAH 11.8bn ($298m), off 17% y-o-y. Total assets in UAH terms decreased by 1.2% q-o-q to UAH 404bn (+28% y-o-y), with net loans up 5.4% q-o-q (+23% y-o-y), securities holdings expanding by 4.0% q-o-q (+38% y-o-y) but cash and cash equivalents shrinking by 20% q-o-q. Customer deposits fell by 2.7% q-o-q in UAH terms, to UAH 343bn (+27% y-o-y).

According to preliminary data released by the NBU, state-owned Oschadbank booked net profit of UAH 4.0bn ($114m) in 2Q24, down 19% q-o-q, bringing 1H24 net income to UAH 8.8bn ($241m), up 29% y-o-y. Total assets in UAH terms increased by 9.8% q-o-q to UAH 409bn (+38% y-o-y), with net loans up 3.8% q-o-q (+20% y-o-y) and securities holdings expanding by 9.6% q-o-q (+46% y-o-y). Customer deposits rose by 9.4% q-o-q in UAH terms, to UAH 352bn (+36% y-o-y). NIM, based on net interest-bearing assets and in UAH terms, was unchanged q-o-q at 7.8% (7.8% in 1H24, -0.1pp y-o-y). Annualized cost of risk was positive at 2.8% in 2Q24, reflecting another release of provisions (in line with pos. 3.0% in 1Q24, bringing 1H24 cost of risk to pos. 2.9%, flat y-o-y). The total capital adequacy ratio came in at 14.35%, down 1.4pp q-o-q and 2.7pp y-o-y.