Business news from Ukraine

Oschadbank reduced by 3 times number of new car loans

21 January , 2023  

State Oshchadbank (Kiev) in 2022 issued 2.4 thousand car loans at 1.6 billion UAH, which is three times in number and 2.5 times less in volume compared to the figures in 2021 (7.2 thousand car loans at 4 billion UAH), said the head of the bank Sergey Naumov.
“Car loans in Oshchadbank last year enjoyed significant demand (2,421 loans totaling 1.6 billion UAH): the most popular car brands were Hyundai, Mitsubishi, Skoda and Toyota,” he wrote in Telegram on Friday.
He pointed out that 119 car loans worth 90 million UAH have already been issued in 2023.
Oshchadbank was founded in 1991. Its only owner is the state.
According to statistics from the National Bank of Ukraine (NBU), as of November 1, 2022, Oschadbank ranked second by total assets (UAH 270.806 billion) among 67 operating banks in the country.

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