The Strategy of the State Bank Of Ukraine “JSC Oschadbank” for 2021 – 2024

by Evgeny Lazorenko
Tuesday, October 12, 2021
The Strategy of the State Bank Of Ukraine “JSC Oschadbank” for 2021 – 2024

The draft strategy was developed by the management board and approved by the supervisory board of Oschadbank

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.

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