Financial sector news

Oschadbank, one of the largest state-owned banks of Ukraine, actively supports Ukrainian business, offering a wide range of instruments for investment lending . The bank believes in the potential of the Ukrainian economy and is ready to help enterprises in their development.

Investment lending is the key to growth

"Investment lending has the greatest impact on the development of the economy. If we simply finance the working capital needs of companies, we will develop according to forecasts (2-4% GDP growth for this year). This is not enough to feel a significant revival of the economy," said the Deputy Chairman of the Board of Oschadbank. Yurii Katsion  in his recent Forbes interview.

"Investment lending itself has a large multiplier effect: from 40 to 60% of spent funds are returned to the country's economy, the production of new products and added value, the export potential increases, the load on logistics decreases, import substitution occurs, which positively affects the country's trade balance and reduces dependence on imports," he added.

Visual numbers:

• UAH 27 billion is a record amount of credit agreements concluded by Oschadbank in 2023.
• 14% - Oschadbank plans to increase its loan portfolio by this amount in 2024, focusing on priority industries.
• 40-60% - investment loans are returned to the country's economy in the form of increased production, exports and import substitution.
  Support of priority industries

"Supporting strategically important industries is key to our victory in the war and providing the necessary resources. For Oschadbank, electricity has always been a priority, oil and gas industry and strategic sectors of the economy", Yuriy Katsion emphasized.

"We see the interest of foreign companies that are already negotiating and studying our experience. Ukraine has become a testing ground for new technologies in in real time. Thanks to this opportunity, medium-sized companies will be able to grow and meet the needs of the Armed Forces," he noted.

Oschadbank believes in the future of Ukraine

"Ukrainian enterprises have a wide range of instruments for investment lending, including standard lending, trade financing, financial leasing, securities issuance , grant programs and risk-sharing programs," Yurii Katsion said.

"Oschadbank calls on Ukrainian enterprises to invest in promising industries and use available instruments for investment lending. The bank is ready to help enterprises in their development and contribute to the inflow of investments into the Ukrainian economy," he concluded.

"Despite the fact that the market has not yet recovered, we plan to increase the loan portfolio by approximately 14% this year in large corporate clients. Our portfolio now amounts to more than UAH 57 billion, so we plan to increase the volume of lending by at least UAH 7-8 billion," Yurii Katsion added.