Oschadbank sees 29% rise in profit in Q1 2016

14:00, 25.04.2016 1 min read

State-run Oschadbank (Kyiv) saw a 29% profit rise in January through March 2016, to UAH 112 million, the bank has said in a press release.

"Oschadbank in the first quarter of 2016 saw UAH 112 million in net profit, and this was UAH 25.2 million or 29% up year-over-year. Net interest income was UAH 1.809 billion and net fee income – UAH 477.9 million," the bank said.

Oschadbank was founded in 1991. Its sole owner is the state.

The bank ranked second among 123 operating banks in the country on October 1, 2015 by total assets (UAH 156.596 billion), according to the National Bank of Ukraine.