The Government Approved the Principle Directions of Oschadbank’s Activity for 2020-2024

Oschadbank will strengthen its position as the leading universal bank of Ukraine. Today this decision has been supported by the Government of Ukraine, which is reflected in the relevant order of the Cabinet of Ministers of Ukraine "On approval of the main activities of the joint-stock company" State Savings Bank of Ukraine "for 2020 - 2024".

The order provides that Oschadbank will continue to strengthen its position in retail lending and commission products, maintaining its position in servicing micro, small and medium-sized businesses (MSMB), and to decrease the share of state-owned enterprises.

It should be noted, on September 02, 2020 the Government of Ukraine has approved the updated Strategic Reform Principles of the State Banking Sector. State-owned banks should review and update their development strategies based on this document.

Approval of the Main Activities of Oschadbank will ensure its proper functioning and will contribute to the effective management of the state bank, protection of the rights of depositors, creditors, the state as a shareholder and will be the basis for developing a strategy to ensure its further development.