Industry Banking, investment Services Financial services Founder Government of Ukraine Owner Government of Ukraine Net income 1.1 billion UAH | Headquarters Kyiv, Ukraine Operating income Founded 31 December 1991 Revenue 10 billion UAH | |
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Type Public Joint-Stock Company Key people Andrii Pyshnyi (Chairman) CEO Andrii Pyshnyi (Mar 2014–) Subsidiaries Home Loan Refinancing Agency Public Joint-Stock Company Profiles | ||
The public joint-stock company State Savings Bank of Ukraine or Oschadbank (Ukrainian: Ощадбанк) was established by Decree of the Cabinet of Ministers of Ukraine on May 21, 1999, №866 through the transformation of its predecessor, the State Specialized Commercial Savings Bank of Ukraine into a Joint-Stock Company.
The State Savings Bank of Ukraine 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.
As of 01 January 2017 the bank has 3650 branches and 2850 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. Together with PrivatBank, Oschadbank is one of the only two Ukrainian banks whose clients' time deposits are fully guaranteed by state law compared to total of UAH 200 000 in other banks in case of bank liquidation.