Oschadbank has sharply increased its profit

State-owned Oschadbank on results in the first quarter of 2017, received a net profit in the amount of 158,3 million UAH, which is UAH 46.2 million, or 41.3% more than in the same period of 2016.

Assets in the first quarter increased by 15.8 billion (7.5%) to 226,4 billion, investments in securities grew by UAH 10.6 billion (13.7%), the volume of deposits of legal entities and natural persons grew by UAH 7.7 bn (5.4%) to 151.3 billion UAH.

“Our priority was to restore profitable operations of the Bank. Managed to achieve target in 2016 and to keep this positive trend in the current year. Oschadbank is one of the few banks in the market, which demonstrates a profitable activity,” – said the head of the Bank Andrey Lush.

As you know, “State savings Bank of Ukraine” (Oschadbank) registered by the National Bank of Ukraine on 31 December 1991. 100% of shares belongs to the state.

In 2015, the Bank received 468,17 probelibrary million UAH of net loss of 12.3 billion a year earlier.