Oschadbank saw a 29% profit rise in January through March 2016 - Statement
State-run Oschadbank (Kyiv) saw a 29% profit rise in January through March 2016, to UAH 112 million, the bank has said in a press release.
"Oschadbank in the first quarter of 2016 saw UAH 112 million in net profit, and this was UAH 25.2 million or 29% up year-over-year. Net interest income was UAH 1.809 billion and net fee income – UAH 477.9 million," the bank said.
Oschadbank was founded in 1991. Its sole owner is the state.
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The bank ranked second among 123 operating banks in the country on October 1, 2015 by total assets (UAH 156.596 billion), according to the National Bank of Ukraine.