Oschadbank

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).

Hryvnia deposits at Ukrainian banks returned to growth in September, inching up by 1.5% m-o-m to UAH 1,439bn (+36% y-o-y) after remaining flat in August. F/X deposits continued to trend lower, down 1.7% m-o-m to $18.5bn (+15% y-o-y) on top of -0.3% m-o-m in August. Gross UAH loans rose by 1.3% m-o-m to UAH 712bn (still -4.9% y-o-y), the fourth consecutive month of growth, accelerating from 1.2% m-o-m in August and 0.5% in July. Gross F/X loans dipped by 1.4% m-o-m to $6.7bn (-17% y-o-y). Net UAH loans (gross loans less provisions) increased by 1.9% m-o-m in August (latest available data), to UAH 449bn (-14% y-o-y), on top of 0.9% growth in July. Net F/X loans inched up by 0.3% m-o-m (-17% y-o-y).