Categories: economy

Oschadbank changed the loss to a profit

2016 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.

© 2017, paradox. All rights reserved.

paradox

Share
Published by
paradox

Recent Posts

Russia issues military ultimatum to UK

Moscow will retaliate against British targets in Ukraine or elsewhere if Kiev uses UK-provided missiles…

21 hours ago

Zelensky can’t ‘mobilize God’ – Russian church

Ukrainian President Vladimir Zelensky cannot enlist God in Kiev’s fight against Moscow, the Russian Orthodox…

1 day ago

Ukrainians are God’s chosen people – Zelensky

Ukrainian President Vladimir Zelensky has proclaimed that God is an “ally” of Ukraine in the…

2 days ago

Israel ready for temporary truce with Hamas – Netanyahu

Israel is willing to pause its military offensive in Gaza if Hamas releases all the…

2 days ago

Some EU states still consider Russia ‘good friend’ – Borrell

The EU’s top diplomat, Josep Borrell, has admitted that not every member state agrees to…

2 days ago

WATCH Russian forces destroy US-made armor

Russia’s Defense Ministry has published a video clip from the front line with Ukraine showing…

3 days ago