The Oschadbank development strategy for 2021-2024 envisages the continuation of its functioning as a leading bank of Ukraine.
The main components of the strategy:
- business model — a universal bank that strengthens its position in retail lending and commission products, maintains leading positions in the segments of corporate business and micro, small and medium business, with a decrease in the share of state-owned enterprises;
- operational model — a developed line of digital products, including industry products that will be provided through digital channels and automated processes;
- financial stability — operational efficiency and a stable level of profitability of Oschadbank.
- The approved strategy states that Oschadbank will strive to achieve the projected net profit — about ₴4,2 billion ($159,1 mln), return on capital — about 15% and the ratio of costs to income — less than 65%.
"Approval of the Oschadbank development strategy will ensure its proper functioning, promote effective management, protection of the rights of depositors, creditors and the state as a shareholder. One of the government's priorities is to reform the public banking sector, and the Ministry of finance is taking targeted steps to build a reliable and competitive banking system," said Yuriy Draganchuk, Ukraine's deputy minister of finance for European Integration.
