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-
Market Price* ($) 65.00
Market YTM* 53.70%
Spread over UST* -
Note: *Based on bid price.
Year 2020 2021 2022E
Total Assets ($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 14, 2023
| Banking

Oschadbank — Slips into losses in 4Q22, but profitable in 2022

According to preliminary data released by the NBU, state-owned Oschadbank booked a UAH 2.0bn ($66m) net loss in 4Q22 following net profit of UAH 6.8bn ($227m) in 3Q22, recording 2022 net profit of UAH 0.7bn ($21m). Total assets increased by 11% q-o-q in UAH terms (+15% y-o-y), with net loans inched down 0.1% q-o-q (+11% y-o-y). Customer deposits rose by 12% q-o-q in UAH terms (+22% y-o-y). NIM, based on net interest-bearing assets and in UAH terms, was up 0.5pp q-o-q to 8.0% (7.0% in 2022, +0.3pp y-o-y). Annualized cost of risk stood at 8.5%, -12.7pp q-o-q (15% in 2022, +12pp y-o-y). The total capital adequacy ratio came in at 14.5%, down 1.6pp q-o-q and 1.0pp YTD.
Jan 31, 2023
| Banking

Oschadbank — Reports unaudited 2022 net profit of $21m

Oschadbank reported unaudited 2022 net profit of UAH 690m ($21m), down 38% y-o-y. Operating income increased by 8.0% y-o-y to UAH 21.7bn ($670m), while provisioning expenses stood at UAH 12.1bn ($374m), quadrupling y-o-y.
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