Oschad has launched a new strategic program to run until the end of 2028

Efficiency, further modernization and resilience are the three strategic directions defined in Oschad's strategic program for 2024-28, which was recently approved by the Supervisory Board. Its implementation has already begun. The program contains a specific list of actions designed to maintain and strengthen the bank's leadership in the financial market of Ukraine, as well as to adequately respond to the challenges of the times - the uncertainty associated with a full-scale war, the demographic crisis, increased competition from new market players, etc.

As part of the new strategic program, the list of Oschadbank's values was updated to include humanity, Ukraine-centeredness, the desire to be a support and pillar for customers and the country, and  Europeanness.

Oschadbank's new mission statement reads as follows:

We work to provide inclusive, innovative and affordable financial services of high quality as a universal bank for Ukrainians and entrepreneurs throughout Ukraine, ensuring stability, leadership in the recovery and support of Ukrainian business and strategic sectors of the economy, as well as promoting high standards of sustainable development.

As for the vision - the bank's visioning for the near future - it is as follows:

Oschad is an inclusive all-Ukrainian bank with high ethical standards that has earned the trust of its customers, is the bank of first choice with modern products and services to support Ukrainians and business growth, playing a leading role in sustainable economic development, in line with leading ESG practices and achieving the goals of its stakeholders, with constant care for employees, commitment to innovation and efficiency growth.

The Oschad team will achieve its goals through the implementation of the above three strategic directions, which are divided into 9 strategic subprograms and 29 strategic initiatives. In addition, the new strategic document contains specific KPIs - financial results to be achieved, business plan, etc.

“The main document that defines the work of Oschad during martial law is the strategic directions of public sector banks approved by the government on May 7, 2023. The new strategic program complements it with a plan of changes for the future.

The document pays special attention to the gradual introduction of ESG practices, which will help the bank support and stimulate the development of businesses that act responsibly and help rebuild Ukraine on the principles of the modern, civilized world. This is also important because the introduction of sustainable development principles in Ukraine is an essential part of our country's movement towards the European Union,” commented Sergii Naumov, Chairman of the Management Board of Oschadbank, on the adoption of the program and the start of its implementation.