State-controlled Oschadbank (Kyiv) in 2021 sold property that is not used in banking activities with a book cost of UAH 517 million for UAH 674 million, member of the bank’s board Arsen Miliutin said.
“In 2021, we planned to sell property with a book value of UAH 670 million, sold by the beginning of November, in terms of book value, for UAH 517 million. But the real selling price is UAH 674 million,” he said in an interview with Interfax-Ukraine.
The banker added that one of the main reasons for not fulfilling the plan was the rather lengthy, ongoing negotiations with Kyiv on the sale of the bank’s land plots in Mykilska Slobidka.
Oschadbank sales at online auction OpenMarket the right of claim under the loan agreement, as well as the right under the security agreements (mortgage, collateral, pledge) with the borrower LLC Ukrkava.
The estimated opening lot price is UAH 229,753,161.
The agreements are secured by:
The lot will be sold at the classic English auction through electronic trade based on the establishment of opening price as minimum for further trading over the course of which it increases, and the asset sale price includes the maximum bid offered by one of the participants.
Auction will take place on November 12.
Initial fee for participation is UAH 11,487,658
Find out more details about the lots on web-sites of SETAM and Oschadbank
The State Oschadbank (Kyiv) has issued a thousand mortgage loans in the amount of UAH 710 million since the beginning of 2021, which is three times more than in the corresponding period last year, the bank’s press service said on Tuesday.
According to the report, in June, 250 loans were issued in the amount of UAH 191 million.
It is indicated that under the “Affordable Mortgage 7%” program the bank has issued 90 loans in the amount of UAH 82 million since the beginning of the year.
According to the statistics of the National Bank, as of March 1, 2021, in terms of total assets, Oschadbank ranked second in the rating (UAH 279.702 billion) among 73 banks operating in the country.
The state-owned Oschadbank (Kyiv) is preparing for a due diligence by the European Bank for Reconstruction and Development (EBRD) to prepare for a pre-privatization deal, Oschadbank CEO Serhiy Naumov has said.
“The bank is actively negotiating and preparing a pre-privatization deal with the EBRD. Currently, we are completing negotiations on signing a mandate letter and preparing for due diligence,” he told Interfax-Ukraine on Tuesday.
According to Naumov, the bank expects that a bill that was registered in the parliament, aimed at joining Oschadbank to the Deposit Guarantee Fund, will be passed soon. The document will ensure the fulfillment of one of the important conditions for continuing successful cooperation with the EBRD.
As reported, the Ministry of Finance of Ukraine in February 2018, as part of an updated strategy for reforming the public banking sector, planned to gradually include Oschadbank into the Deposit Guarantee Fund system. According to the memorandum with the IMF, concluded in December of the same year, the full state guarantee of deposits of individuals in Oschadbank was supposed to be canceled by the end of 2019. This step will open the way for the EBRD to enter the capital of Oschadbank.
Oschadbank was founded in 1991. Its sole owner is the state. According to the statistics of the National Bank, as of March 1, 2021, Oschadbank ranked second in terms of total assets (UAH 279.702 billion) among 73 banks operating in the country.
State-controlled Oschadbank (Kyiv) issued loans for a total of UAH 2.6 billion in January-May 2021, which is 2.6 times more than in the same period in 2020 (UAH 1.1 billion), the press service of the bank said.
According to the report, over the five months of 2021, the loan portfolio issued by the bank to micro, small and medium-sized businesses increased by UAH 1.2 billion, or 20.7%, to UAH 7 billion.
As noted by the press service, the growth of the portfolio is due, inter alia, to the active participation of Oschadbank in various programs to support entrepreneurship, in particular in the Affordable Loans 5-7-9% state program.
In addition, the number of partnership programs of Oschadbank with manufacturers of equipment and plant protection products has reached 230, the report says.
Oschadbank was founded in 1991. Its sole owner is the state.
According to the statistics of the National Bank, as of March 1, 2021, in terms of total assets (UAH 279.702 billion) Oschadbank ranked second among 73 banks operating in the country.
The single counterparty exposure limit (H7, should be no more than 25%) as of March 1, was violated by Prominvestbank (82.02%), Sberbank (50.23%) and Industrialbank (49.51%), according to the website of the National Bank of Ukraine (NBU).
According to the regulator, the related party transactions exposure limit (H9, should not exceed 25%) was violated by First Investment Bank (52.02%), Unex Bank (28.17%), Megabank (27.56%) and Land Capital Bank (26.75%).
The limit on bank total long open FX position (L13-1, should be no more than 10%) was violated by Oschadbank (129.99%), Prominvestbank (114.57%), PrivatBank (95.74%) and Industrialbank (12.35%).
The limit on bank total short open FX position (L13-2, should be no more than 10%) was violated by Prominvestbank (110.36%).
FIRST INVESTMENT BANK, INDUSTRIALBANK, LAND CAPITAL BANK, MEGABANK, NBU, OSCHADBANK, PRIVATBANK, PROMINVESTBANK, REQUIREMENTS, SBERBANK, UNEX BANK, VIOLATE
