State-owned Oschadbank (Kyiv) has launched an online lending service for clients of the micro/small and medium business segment (MSME), said Natalia Butkova-Vitvitskaya, member of the bank’s Management Board responsible for MSME, at a forum dedicated to digital lending and finance – Digital lending 2023.
“Any client regardless of its legal form of ownership can get a preliminary decision in 24 hours, provide a list of documents and get a final decision through this service,” explained a representative of Oshchadbank.
Butkova-Vitvitskaya noted that the average micro-business credit check through the new service is 1.5 million UAH, small businesses – 5 million UAH, medium-sized – 10 million UAH.
“Prior to that four banks in the Ukrainian market offered similar financing, but only for one segment of customers – FLP. Today I can say that Oschadbank is destroying the “myth” and makes the first step to the legal entities”, – emphasized the member of the board.
Oschadbank was created in 1991, and its sole owner is the state.
According to NBU, on January 1, 2023 it ranked second by total assets (UAH 298.2 billion) among the 67 operating banks in the country.
