Oschad was recognized as the best bank for legal entities in the FinAwards 2024

Oschadbank has been recognized as the best bank for legal entities. This was announced during the award ceremony of the annual FinAwards 2024, which took place on March 29.

The selection of candidates for the competition nominations lasted for three months. The participants were assessed by independent experts, a reputable jury, and bank customers through an open online voting.

In 2023, Oschadbank continued to actively finance state-owned and commercial companies in the micro, small and medium-sized business (MSME) segment.

Thus, the number of active clients of Oschadbank's MSMEs exceeded 224 thousand. As of the end of last year, their number increased by 16 thousand companies and individual entrepreneurs. Oschadbank achieved significant growth in the relevant loan portfolio: it increased by 26% to UAH 22 billion.

Oschad remains one of the key banks supporting business and the economy of Ukraine, having financed 4.5 thousand enterprises employing more than 120 thousand Ukrainians. The total amount of funds provided to them is UAH 13.3 billion, of which UAH 6.9 billion was allocated to financial support for agricultural enterprises and to meet the needs of farmers, including the sowing campaign.

Oschadbank successfully implements projects with international financial organizations under the guarantee mechanisms of the European Investment Bank (EIB), the European Investment Fund (EIF), etc. and grant programs (Sparkasse, GIZ).

In 2023 alone, Oschadbank provided UAH 87 million in grants from the German government to MSMEs in Ukraine. More than 68% of grantees are registered and operate in war-affected areas or in the de-occupied territories.

In 2023, the bank provided loans in the amount of UAH 3.4 billion through the partner sales channel. Currently, Oschad has more than 300 partnership programs with dealers of global brands and the largest players in the domestic market

To ensure quality customer service for MSMEs, Oschadbank has introduced the institute of personal managers. In order to receive qualified assistance and service, each entrepreneur is accompanied personally.

"We understand that Ukrainian business needs financial support now more than ever. That is why we bring together all interested partners from central and local authorities and international organizations to preserve and develop enterprises. We are proud that despite the war, many Ukrainians have not closed their businesses, and we are doing everything in our power to ensure that wartime does not hinder the further development of the Ukrainian economy. I thank the entire MSME business line team for their resilience and professionalism," said Natalia Butkova-Vitvitska, Oschadbank Management Board Member in charge of MSME.

FinAwards is an annual competition aimed at identifying the best financial companies in terms of products, advanced technologies and customer services. The award was founded by Minfin.com.ua and Finance.ua popular Ukrainian finance and investment websites. The organizer of the award is BankOnline, one of the leading conference platforms in the field of finance and technology. The contest has been held for the fourth year in a row.