Oschadbank gets UAH 112 mln profit in 1Q 2016

PJSC State Savings Bank of Ukraine Oschadbank received UAH 112 million profits in the first quarter of 2016, which is UAH 25.2 million, or 29% more than the same period last year, the press service of the bank told an UNIAN correspondent.

The net interest income for this period amounted to UAH 1.809 billion, while the net fee and commission income was UAH 477.9 million.

”The bank is working hard to achieve its goal – to enter the profitable activity. We have successfully completed the quarter. Financial results and a conservative approach to creation of provisions allow the bank to consistently adhere to all standards set by the National Bank of Ukraine,” Chairman of the Board of Oschadbank Andriy Pyshniy commented on the results of the bank`s performance.

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