Oschadbank will strengthen the position of the leading universal bank of Ukraine. This decision was supported today by the Cabinet of Ministers of Ukraine, which is reflected in the relevant order of the Cabinet of Ministers "On approval of the main activities of the joint-stock company "State Savings Bank of Ukraine" for 2020 - 2024."

The order states that the Oschadbank in its activities will continue to strengthen its position in retail lending and commission products, maintain its position in the segments of corporate business and micro, small and medium-sized businesses (SMEs), with a decrease in the share of state-owned enterprises.

It should be noted, on September 2 of the current year, the Government approved the updated Principles of the strategic reform of the public banking sector. Based on this document, state-owned banks should review and streamline their development strategies.

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