State-run Oschadbank (Kiev) has increased the volume of term deposits from the beginning of the full-scale war until the end of 2022 by 7.4% or 5.2 billion UAH – to 70.6 billion UAH in all currencies, the head of the bank Sergei Naumov said on Wednesday.
“As of the end of 2022 we have plus on humble deposits from the beginning of the big war 5.2 billion UAH to 70.6 billion UAH (in all currencies). This trend continues now: already this year we have added UAH 500 million (in equivalent) to this portfolio,” he wrote in his Telegram channel.
He pointed out that the hryvnia deposits from February 24 last year increased by 5.7 billion UAH.
Naumov expects that the deposit base of Ukrainian banks will continue to grow, as well as deposit rates.
Oschadbank was founded in 1991. Its sole owner is the state.
According to statistics from the National Bank of Ukraine (NBU), on November 1, 2022 on the size of total assets Oschadbank took 2nd place (270.806 billion UAH) among the 67 operating banks in the country.
The state-owned banks PrivatBank and Oschadbank (Kyiv) have become participants in the new state program of affordable housing “єOselya”, which has been launched in “Dії” in a test mode, the press services of the banks reported.
According to the report, under this program, bank customers can buy housing with an initial payment of 30% for PrivatBank and 20% for Oschadbank, with loans from 1 to 20 years at 3% per annum.
The military, law enforcement officers, doctors, educators and scientists can become participants in the program this year.
It is indicated that the mass launch of the program will take place in the second half of October, then it will be possible to use the service in the Diya mobile application, and it will be possible to submit an application in a few clicks.
affordable housing, Joselya, OSCHADBANK, PRIVATBANK, state program
The State Oschadbank (Kyiv) put forward through the OpenMarket platform (SE “SETAM”) the right to conclude a financial leasing agreement for an enterprise in the village of Fanchikovo (Transcarpathian region), specializing in the canning of vegetables, fruits, and the production of canned fruits and vegetables.
According to a press release from the financial institution, the auction for the sale of the cannery owned by Oschadbank will be held on October 19 with a starting price of UAH 1.28 million.
According to the bank, Lot No. 517457 includes the right to conclude a financial leasing agreement for non-residential real estate with a total area of 14.77 thousand square meters. m and a lease agreement with the purchase of a land plot under the enterprise with a total area of 1.63 hectares.
It is specified that the winner of the auction receives the right to conclude a financial leasing agreement for the enterprise, the sale price of which (redemption value) is UAH 12.14 million. The buyer also needs to pay this amount in equal installments within 84 months from the date of the conclusion of the financial leasing agreement for the plant and the lease agreement for the land plot under it.
Oschadbank was founded in 1991. Its sole owner is the state.
According to the statistics of the National Bank, as of September 1, 2021, in terms of total assets, Oschadbank ranks second in the rating (UAH 254.54 billion) among 72 banks operating in the country.
The Ministry of Finance and the European Bank for Reconstruction and Development (EBRD) have discussed the possibility of providing a subordinated loan to Oschadbank with option to convert the loan into equity shares.
This was reported in a press release of the Ministry of Finance on Wednesday following the meeting of Finance Minister Serhiy Marchenko and Deputy Minister Oleksandr Kava with EBRD Managing Director, Eastern Europe and the Caucasus (EEC) Matteo Patrone.
“During the meeting, the issue of providing Oschadbank with EBRD long-term financing in the form of a subordinated loan with option to convert the loan into equity shares was raised. The parties continue to work actively to implement the sale of a stake in Oschadbank. The key issues remain the completion of the preparation procedures and the accession of Oschadbank to the households deposit guarantee system,” the ministry said.
The parties also discussed potential joint projects with the EBRD for 2022, namely the reconstruction of the Lower Dniester irrigation system.
Earlier, the Ministry of Agricultural Policy and Food announced the readiness of the EBRD to invest EUR 90 million for the reconstruction of the main water pumping station of the Lower Dniester irrigation system (Odesa region).
As reported, in March 2021, Ukrgasbank received a loan of EUR 30 million from IFC with option to convert the loan into equity shares. The next step for the privatization of the bank is to find a financial adviser for the bank.
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
