In the first half of 2024, Oschadbank received UAH 8.81 billion of net profit

According to the results of the first half of 2024, Oschadbank received UAH 8.81 billion of net profit, including UAH 74 million in June. The bank improved its financial result by UAH 2 billion compared to the same period last year. Such dynamics demonstrates the effectiveness of the implementation of Oschad's wartime strategy.

In January-June, Oschadbank's net interest income increased by almost 26% to UAH 10.96 billion compared to the same period last year, while net non-interest income increased by about 13% to UAH 4.09 billion. This result was achieved, among other things, due to the increase in lending to businesses and households: the respective loan portfolios of large corporations, micro, small and medium-sized businesses and individuals increased during the first six months of the year.

In the first half of 2024, Oschad's operating profit exceeded UAH 7 billion, which is 25% more than in the same period last year.

The financial result of Oschadbank continues to be affected by the revaluation of financial instruments in the securities portfolio. For the first six months of the current year, the bank received UAH 2.7 billion of net profit from their revaluation.

Currently, Oschad has sufficient liquidity and capital. Thus, as of July 1, 2024, the bank's regulatory capital adequacy ratio was 14.35%, while the NBU standard is 10%.

“We are pleased with the results achieved due to the stable operation of Oschadbank and successful adaptation to wartime conditions. One of our main tasks now is to make these results work even more for the benefit of the real sector of the economy to ensure a stable recovery and further development of the country. We pay special attention to providing our clients with affordable financial resources to rebuild the energy infrastructure and strengthening the energy independence of businesses and citizens,” said Sergii Naumov, Chairman of the Management Board of Oschadbank.