Oschadbank

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.

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.