Business is good for Ukrainian banks. Last year, the country’s banks brought in record profits of Hr 130 billion ($3.5 billion) with the five top state-owned banks making 61.5% of the total. One of these banks is Oschadbank, the country’s second-largest state-owned bank after PrivatBank. In 2023, the bank posted record operating profits of Hr 12 billion ($316 million) against Hr 5.6 billion ($206 million) in 2021. The bank serves more than 6.2 million active clients, including 224,000 micro, small, and medium-sized business clients and around 4,000 large companies, both state-owned and private…
