Oschadbank

Oschadbank is a state-owned bank, ranked second by assets ($7.0bn as of end-1H16, 15% market share) and retail deposits (14% share) and leading on corporate deposits (16% share). The bank acts as the state’s lending agent, serving various state-owned companies as well as pension, energy and construction projects.
Year 2025
Issue Volume ($m) 500
Coupon Rate (% p.a.) 9.625%
Coupon Frequency S/A
Maturity date 3/20/2025
Ratings: Fitch/Moody`s/S&P CCC-/Caa3/—
Market Price* ($) 93.50
Market YTM* 19.60%
Spread over UST* -
Note: *Based on bid price.
Year 2020 2021 2022E
Total Assets ($m) 8,262 8,939 -
Total Revenues ($m) 616 464 -
Net Income ($m) 103 52 -
Equity ($m) 776 839 -
NIM (%) - - -
Equity/Assets (%) 9.4% 9.4% -
ROE (%) 12.9% 6.4% -
ROA (%) 1.1% 0.6% -

Latest news about Oschadbank

Feb 22, 2024
| Banking

Oschadbank — Slips into losses in 4Q23, trimming 2023 profit

State-owned Oschadbank booked a UAH 9.4bn ($258m) net loss in 4Q23 after earning UAH 7.3bn ($201m) in 3Q23, bringing its 2023 net profit to UAH 4.8bn ($130m), up from UAH 0.7bn ($21m) in 2022. Total assets in UAH terms increased by 9.1% q-o-q to UAH 344bn (+26% y-o-y), with net loans +7.3% q-o-q (+7.1% y-o-y) and the securities portfolio up 13% q-o-q (+21% y-o-y). Customer deposits grew by 11.2% q-o-q in UAH terms, to UAH 299bn (+29% y-o-y). NIM, based on net interest-bearing assets and in UAH terms, decreased by 0.7pp q-o-q to 8.0% in 4Q23 and was at the same level for the full year (+1.0pp y-o-y). Annualized cost of risk remained positive, 0.4% in 4Q23 vs. 0.8% in 3Q23 as the bank continued to release provisions, totaling 1.8% for the full year (vs. 15% provisioning in 2022). The total capital adequacy ratio came in at 16.6%, -2.4pp q-o-q and +2.1pp y-o-y.
Nov 16, 2023
| Banking

Oschadbank — Boosts 3Q23 net profit to $201m

State-owned Oschadbank booked 3Q23 net profit of UAH 7.3bn ($201m), up 71% q-o-q, bringing 9M23 net income to UAH 14.2bn ($388m), up 423% y-o-y. Total assets in UAH terms increased by 5.8% q-o-q to UAH 315bn (+28% y-o-y), with net loans up 3.1% q-o-q (-0.3% y-o-y) and securities holdings up 10% q-o-q (+24% y-o-y).
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