Oschadbank's profit totals UAH 112.032 mln
State-run Oschadbank (Kyiv) saw UAH 112.032 million in profit in January-March 2016, while a year ago its loss amounted to UAH 5.781 billion.
According to a quarterly report of the bank, its net interest income in Q1 2016 was UAH 2.455 billion, while in Q1 2015 the figure was negative – UAH 1.759 billion.
Total assets increased by 13.6%, to UAH 180.792 billion and credits to clients increased by 5%, to UAH 68.767 billion.
Share capital increased by 16.4%, to UAH 35.109 billion and net worth expanded by 81.2%, to UAH 13.303 billion.
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.
