REUTERS
The profit of one of the largest Ukrainian state-owned banks Oschadbank increased by 21.7% in the first half of 2017 (1H), to UAH 306 million, or US$11.8 million, according to the bank's website.
Oschadbank's assets grew by 4.6%, or UAH 9.6 billion ($371 million), to UAH 220.3 billion ($8.5 billion). Its credit and investment portfolio increased by 3.9%, or UAH 5.6 billion ($217 million), to UAH 149.2 billion ($5.8 billion), while net worth totaled UAH 25.9 billion ($1 billion), the report said.
Read alsoUkraine's Oschadbank, Ukrgasbank resume work after cyber attackUNIAN memo. State-run Savings Bank of Ukraine, or Oschadbank, was registered by the National Bank of Ukraine on December 31, 1991. It is wholly owned by the state. The financial institution in 2015 received UAH 468.17 million ($18.1 million) in net profit against a loss of UAH 12.3 billion ($476 million) in 2014.