State-owned Oschadbank has entered into an agreement with Nova Poshta to purchase unsecured corporate bonds of E series with a maturity of 15 months in the amount of UAH 650 million, the press service of the financial institution said on Tuesday. “The acquisition of bonds for such a significant amount indicates both Oschadbank’s willingness to … Read more
State-owned Oschadbank has put up for sale the Atmosfera shopping mall and Ramada Encore Kyiv hotel in the capital, 11 land plots in Kozyn (Kyiv region) and the right of claim to “Niteko LLC” for UAH 1.79 billion through the OpenMarket electronic trading system (SE SETAM of the Ministry of Justice of Ukraine). The lot … Read more
State-owned PrivatBank in the third quarter of 2023 again topped the list of banks with the highest net profit with an indicator of UAH 13.624 billion, followed by two more state-owned banks: Oschadbank – UAH 7.338 billion and the nationalized Sense Bank – UAH 3.441 billion. According to the data published by the National Bank … Read more
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of PrivatBank, Oschadbank, Ukreximbank and Ukrgasbank at ‘B’, with positive outlooks, the rating agency said on its website. “At the same time, Fitch has upgraded PrivatBank’s Viability Rating (VR) to ‘b’ from ‘b-‘, affirmed the ‘b-‘ VRs of the other three state-owned banks and removed … Read more
The Kyiv Court of Appeals has recognized and granted permission to execute the decision of the International Court of Arbitration in Paris of November 26, 2018 to compensate Oschadbank (Kyiv) for more than $1.1 billion of losses caused by the annexation of Crimea by Russia. The court by its ruling dated July 17 of this … Read more
JP Morgan has downgraded eurobonds of state-owned Oschadbank (due in 2023 and 2025) and Ukreximbank (due in 2022 and 2025) from Neutral (N) to Underweight (UW) due to sovereign risks, according to a review about the Ukrainian banks issued on April 30. According to the document, the decision is linked with uncertainty about the government’s … Read more
Imperovo Foods LLC (Ivano-Frankivsk), PJSC Avangard (Kyiv) and PJSC Rise-Maximko (Kyiv) have filed an application for restructuring their obligations to state-controlled Oschadbank (Kyiv) within the procedure established by the law on financial restructuring. According to the website of the administrative secretariat of the Independent Association of Banks of Ukraine, which oversees the system of financial … Read more
Fitch Ratings has affirmed the ratings of JSC State Savings Bank of Ukraine (Oschadbank) and JSC The State Export-Import Bank of Ukraine (Ukreximbank), including their ‘B-‘ Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) with Stable Outlook, Fitch has said in its press release. “The affirmation of the ratings reflects limited changes to these … Read more
The European Bank for Reconstruction and Development (EBRD) has confirmed its interest to enter the capital of state-owned Oschadbank. The EBRD believes in Ukrainian and their country, and it is time that the EBRD continues working and takes a stake in Oschadbank, EBRD President Suma Chakrabarti said at a meeting of the National Investment Council … Read more