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Oschadbank changed the loss to a profit

Ощадбанк сменил убыток на прибыль2016 Oschadbank finished with a profit of 464 million.

2016 state savings Bank under the international financial reporting standards (IFRS) finished with a net profit 464,085 million, against a loss of 12.3 billion USD in 2015.

This is evidenced by the published financial report of the Bank under IFRS.

Bank’s net interest income in 2016 reached 2.68 billion hryvnia, net fee and Commission income of 2.12 billion hryvnia.

The assets of the Bank at the end of 2016 increased by 32% reaching 210,6 billion.

According to the results of 2016 Deposit portfolio of the Bank showed a significant increase of 51.3 billion to 145,6 billion.

The credit portfolio of the Bank according to the results of 2016 amounted to 65.9 billion hryvnia practically remained at the level of 2015.

2015 Oschadbank ended with a loss of 12.3 billion USD.

100% of shares of PJSC Oschadbank is in the public domain.

According to the NBU, as of 1 January in terms of assets the Bank has occupied 2-e a place (RUB 210.1 billion) among the existing banks.

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