Oschadbank

Oschadbank (Ukrainian: Ощадбанк), officially the State Savings Bank of Ukraine, is the largest state-owned bank in Ukraine. It was established on November 19, 1991, shortly after Ukraine's independence, taking over the network of the former Soviet Savings Bank (Sberbank) branches located in Ukraine. Headquartered in Kyiv, the bank operates as a universal financial institution serving retail, corporate, and government clients. As of 2023, Oschadbank holds approximately 25% of all individual deposits in Ukraine, making it a cornerstone of the national banking system. The bank's extensive branch network—over 2,000 branches and 3,500 ATMs—ensures accessibility across the country, including rural areas. Its product portfolio includes savings accounts, current accounts, consumer loans, mortgages, car loans, credit and debit cards, term deposits, and remittance services. For businesses, Oschadbank offers corporate lending, trade finance, cash management, and investment banking services. The bank has also embraced digital innovation, launching Oschad 24/7, an online banking platform, and a mobile application for Android and iOS, enabling customers to perform transactions, pay utilities, and manage finances remotely. During the ongoing Russo-Ukrainian war, Oschadbank has played a vital role in maintaining financial stability, including the disbursement of social payments and pensions. The bank is regulated by the National Bank of Ukraine and is a member of the Deposit Guarantee Fund. Its website, oschadbank.ua, is a key digital touchpoint, providing account access, product information, branch locators, and customer support. The domain, registered in 2013, has a global traffic rank of 45,451, reflecting its importance as a national banking portal. Although direct automated access is currently restricted, the site remains publicly accessible through standard browsers. Oschadbank's state ownership and history of reliability contribute to its high trust level among Ukrainians. The bank continues to invest in technology and customer experience, aiming to compete with private banks like PrivatBank and Ukrsibbank. Its market position as a systemically important bank ensures ongoing relevance in Ukraine's financial landscape. With over 40 million customers and total assets exceeding 300 billion UAH, Oschadbank is a pivotal institution in the Ukrainian economy.