Oschadbank

State Savings Bank of Ukraine

Company type	Public Joint-Stock Company
Founded	Kiev, Ukraine, May 21, 1999
Revenue	UAH 10 billion
Operating income	UAH 5.8 billion
Net income	UAH 1.1 billion
Total assets	UAH 73.9 billion
Total equity	UAH 17.4 billion
Owner	National Bank of Ukraine
Website	www.oschadnybank.com/en/about/
Footnotes / references All figures annualized for 2012

The public joint-stock company State Savings Bank of Ukraine or Oschadbank (Ukrainian: Ощадбанк) was established by Decree of the Cabinet of Ministers of Ukraine on May 21, 1999, N 866 through the transformation of its predecessor, the State Specialized Commercial Savings Bank of Ukraine into a Joint-Stock Company. The State Savings Bank of Ukraine is one of the largest financial institutions of Ukraine. Its has over 6 thousand branches throughout the nation which carry out various functions, such as the disbursement of pensions, social aid, processing of utility payments and other banking transactions. Oschadbank is the only Ukrainian bank whose clients' demand deposits and are fully guaranteed by state law.