Oschadbank

Oschadbank is a state-owned bank, ranked second by assets ($7.0bn as of end-1H16, 15% market share) and retail deposits (14% share) and leading on corporate deposits (16% share). The bank acts as the state’s lending agent, serving various state-owned companies as well as pension, energy and construction projects.
Year 2023 2025
Issue Volume ($m) 700 500
Coupon Rate (% p.a.) 9.375% 9.625%
Coupon Frequency S/A S/A
Maturity date 3/10/2023 3/20/2025
Ratings: Moody`s/S&P/Fitch CCC-/Caa3/- CCC-/Caa3/-
Market Price* ($) 35.00 35.00
Market YTM* - 167.60%
Spread over UST* - -
Note: *Based on bid price.
Year 2020 2021 2022E
Total Assets ($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 11, 2022
| Banking

Oschadbank — Reports lower 2021 profit

According to preliminary data released by the NBU, state-owned Oschadbank earned 4Q21 net profit of UAH 260m ($10m), -23% q-o-q, bringing 2021 net income to UAH 1.1bn ($41m), -61% y-o-y. Total assets (UAH terms) increased by 2% q-o-q (+1% y-o-y), with net loans +2% q-o-q (+18% y-o-y). Customer deposits (UAH terms) were unchanged q-o-q (+1% y-o-y). NIM (based on net interest-bearing assets and in UAH terms) rose 1.4pp q-o-q to 8.1% (6.7% in 2021, +2.6pp y-o-y). Cost of risk (annualized) stood at 5.6%, +1.6pp q-o-q (3.0% in 2021, +0.5pp y-o-y). The total capital adequacy ratio (NBU) came in at 15.5%, -2.1pp q-o-q and -3.5pp YTD.
Nov 01, 2021
| Banking

Oschadbank — 3Q21 net profit up q-o-q

State-owned Oschadbank reported its 3Q21 results (IFRS separate; unaudited), booking net profit of UAH 337m ($12m), +29% q-o-q, which brought 9M21 net profit to UAH 849m ($31m), -82% y-o-y. Total assets (UAH terms) dropped by 7% q-o-q (+2% y-o-y), with net loans +6% q-o-q (+16% y-o-y). Customer deposits (UAH terms) fell by 7% q-o-q (+3% y-o-y). NIM (based on net interest-bearing assets and in UAH terms) rose 0.4pp q-o-q to 6.7% (6.3% in 9M21, +2.5pp y-o-y). Cost of risk (annualized) stood at 4.0%, +0.2pp q-o-q (2.1% in 9M21, +0.6pp y-o-y). Cash and equivalents totaled UAH 23bn ($0.9bn), -43% q-o-q and +42% y-o-y, or 11% of liabilities (-7pp q-o-q, -6.3pp y-o-y). The total capital adequacy ratio (NBU) came in at 16.3%, +1.5pp q-o-q and -0.9pp YTD.
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