The State Savings Bank of Ukraine, or Oschadbank (Ukrainian: Ощадбанк), is a major bank in Ukraine. The bank is one of the largest financial institutions of Ukraine and one of three systemically important banks (including Ukreximbank and PrivatBank) nominated by National Bank of Ukraine every year since 2015 when classification requirement came into force.
State Savings Bank of Ukraine (Ukrainian: Ощадбанк України)
In April 2022, Oschadbank became a member of the Individual Deposit Guarantee Fund (FGVFO).[6]
As of the first of July, 2023, the bank had 1,183 branches and 2,790 ATMs throughout the country which carry out various functions, such as the disbursement of pensions, social aid, processing of utility payments and other banking transactions.[7]
The head office of Oschadbank is located in Kyiv. As of 2020[update], the bank received a net profit of ₴2.78 billion, which is ₴2.5 billion more than in 2019.[8]
It was established by Decree of the Cabinet of Ministers of Ukraine on May 21, 1999, through the transformation of its predecessor, the State Specialized Commercial Savings Bank of Ukraine into a Joint-Stock Company.
According to the British magazine The Banker, in 2014 Oschadbank ranked 10th in the ranking of the largest banks in Central and Eastern Europe and 367th in the ranking of the top 1000 world banks.[9]
As of the end of 2016, the bank had 3,650 branches and 2,850 ATMs throughout the country.[10] Together with PrivatBank, Oschadbank was one of the few two[clarify] Ukrainian banks whose clients' time deposits are fully guaranteed by state law compared to total of ₴ 200,000 in other banks in case of bank liquidation. (However, since martial law was declared in 2022 in response to the open, full-scale invasion of Ukraine by the Russian military, the deposit guarantee has been extended much more broadly[11][12])
For a long time, the bank remained the only one of 74 Ukrainian banks that was not a member of the Deposit Guarantee Fund. In April 2022, the Law of Ukraine "On Amendments to Certain Laws of Ukraine on Ensuring the Stability of the Deposit Guarantee System" came into force, which aims to increase depositors' confidence in the banking system and ensure its stability. It is within the framework of this law that Oschadbank joined the DGF.[13]
Former lawyer of this bank Iryna Mudra in Ukraine became later Deputy Minister of Justice of Ukraine.[14]
In 2023, Oschadbank deservedly entered the top 200 companies in terms of revenue in 2022, demonstrating its successful performance and significant contribution to the world economy.
^"Річний фінансовий звіт за 2020 рік" [Consolidated financial statements together with the independent auditor's report] (PDF). Ощадбанк (in Ukrainian). State Savings Bank of Ukraine. December 31, 2020.
^Ощадбанк увійшов до десятки найбільших банків Центральної та Східної Європи oschadnybank.com, 07.08.2014
^"Deposit Guarantee Fund". Retrieved March 14, 2023.
^"FUIB – a participant of the Guarantee Fund the individuals' deposits". Retrieved March 14, 2023.
^"Вступив у дію закон про стовідсоткове гарантування вкладів фізичних осіб, у рамках якого Ощадбанк приєднався до ФГВФО" [The law on 100% guarantee of deposits of individuals entered into force, within the framework of which Oschadbank joined the FGVFO]. www.oschadbank.ua (in Ukrainian). Retrieved 2022-10-01.
^"Ирина Мудра, информация и биография Ирины Романовны Мудрой" [Dossier - Business - Irina Mudra] (in Ukrainian). Retrieved March 14, 2023.
Wikimedia Commons has media related to Oshchadbank.
January 01, 1970
state, savings, bank, ukraine, oschadbank, ukrainian, Ощадбанк, major, bank, ukraine, bank, largest, financial, institutions, ukraine, three, systemically, important, banks, including, ukreximbank, privatbank, nominated, national, bank, ukraine, every, year, s. The State Savings Bank of Ukraine or Oschadbank Ukrainian Oshadbank is a major bank in Ukraine The bank is one of the largest financial institutions of Ukraine and one of three systemically important banks including Ukreximbank and PrivatBank nominated by National Bank of Ukraine every year since 2015 when classification requirement came into force State Savings Bank of Ukraine Ukrainian Oshadbank Ukrayini Head office in Kyiv 2012 Company typePublic Joint Stock CompanyIndustryBanking investmentFounded21 May 1999 approved by NBU on 31 December 1991 FounderGovernment of UkraineHeadquartersKyiv UkraineKey peopleSergey Naumov Chairman 1 ServicesFinancial servicesRevenue 10 billion 2 3 Operating income 5 8 billionNet income 1 1 billionTotal assets 73 9 billionTotal equity 17 4 billion 4 OwnerGovernment of UkraineWebsitewww wbr oschadbank wbr uaFootnotes referencesAll figures annualized for 2017 According to the NBU classification it is one of the 14 systemically important banks in Ukraine in 2020 5 In April 2022 Oschadbank became a member of the Individual Deposit Guarantee Fund FGVFO 6 As of the first of July 2023 the bank had 1 183 branches and 2 790 ATMs throughout the country which carry out various functions such as the disbursement of pensions social aid processing of utility payments and other banking transactions 7 The head office of Oschadbank is located in Kyiv As of 2020 update the bank received a net profit of 2 78 billion which is 2 5 billion more than in 2019 8 Contents 1 History 2 Gallery 3 Interesting facts 4 See also 5 ReferencesHistory editIt was established by Decree of the Cabinet of Ministers of Ukraine on May 21 1999 through the transformation of its predecessor the State Specialized Commercial Savings Bank of Ukraine into a Joint Stock Company According to the British magazine The Banker in 2014 Oschadbank ranked 10th in the ranking of the largest banks in Central and Eastern Europe and 367th in the ranking of the top 1000 world banks 9 As of the end of 2016 the bank had 3 650 branches and 2 850 ATMs throughout the country 10 Together with PrivatBank Oschadbank was one of the few two clarify Ukrainian banks whose clients time deposits are fully guaranteed by state law compared to total of 200 000 in other banks in case of bank liquidation However since martial law was declared in 2022 in response to the open full scale invasion of Ukraine by the Russian military the deposit guarantee has been extended much more broadly 11 12 For a long time the bank remained the only one of 74 Ukrainian banks that was not a member of the Deposit Guarantee Fund In April 2022 the Law of Ukraine On Amendments to Certain Laws of Ukraine on Ensuring the Stability of the Deposit Guarantee System came into force which aims to increase depositors confidence in the banking system and ensure its stability It is within the framework of this law that Oschadbank joined the DGF 13 Gallery edit nbsp Oschadbank branch in Luhansk 2014 nbsp Oshchadbank Automated teller machine nbsp Former logoInteresting facts editFormer lawyer of this bank Iryna Mudra in Ukraine became later Deputy Minister of Justice of Ukraine 14 In 2023 Oschadbank deservedly entered the top 200 companies in terms of revenue in 2022 demonstrating its successful performance and significant contribution to the world economy See also edit nbsp Ukraine portal List of banks in UkraineReferences edit Oschadbank About Management in Ukrainian Retrieved March 14 2023 Golovna storinka Oshadbank in Ukrainian Financial statements of banks of Ukraine in Ukrainian National Bank of Ukraine January 1 2017 Golovna storinka Oshadbank National Bank of Ukraine Updates the List of Systemically Important Banks National Bank of Ukraine Retrieved 2024 01 11 www oschadbank ua https www oschadbank ua news vstupiv u diu zakon pro stovidsotkove garantuvanna vkladiv fizicnih osib u ramkah akogo osadbank priednavsa do fgvfo Retrieved 2024 02 19 a href Template Cite web html title Template Cite web cite web a Missing or empty title help www oschadbank ua https www oschadbank ua about Richnij finansovij zvit za 2020 rik Consolidated financial statements together with the independent auditor s report PDF Oshadbank in Ukrainian State Savings Bank of Ukraine December 31 2020 Oshadbank uvijshov do desyatki najbilshih bankiv Centralnoyi ta Shidnoyi Yevropi oschadnybank com 07 08 2014 Number of branches and ATMs as of January 1 2017 National Bank of Ukraine Deposit Guarantee Fund Retrieved March 14 2023 FUIB a participant of the Guarantee Fund the individuals deposits Retrieved March 14 2023 Vstupiv u diyu zakon pro stovidsotkove garantuvannya vkladiv fizichnih osib u ramkah yakogo Oshadbank priyednavsya do FGVFO The law on 100 guarantee of deposits of individuals entered into force within the framework of which Oschadbank joined the FGVFO www oschadbank ua in Ukrainian Retrieved 2022 10 01 Irina Mudra informaciya i biografiya Iriny Romanovny Mudroj Dossier Business Irina Mudra in Ukrainian Retrieved March 14 2023 nbsp Wikimedia Commons has media related to Oshchadbank Retrieved from https en wikipedia org w index php title State Savings Bank of Ukraine amp oldid 1208914814, wikipedia, wiki, book, books, library,
