"Our main financial goal is to grow against the market trend with a focus on such priority areas as defense, energy, agriculture and food industry. Investment lending will be a priority for us, as it has a significant multiplier effect for the country: 40 to 60% of the funds spent are returned to the economy. If we just finance the working capital needs of companies, we will develop in line with the forecasts (2-4% GDP growth for this year). This is not enough to feel a significant economic recovery," said Yuriy Katsiyon.

"Supporting strategically important industries is key to our victory in the war and providing the necessary resources. The private arms production sector will develop very dynamically. We have previously financed large state-owned enterprises that produce the military-industrial complex, and now we are starting to work closely with private ones. Another important area for us is lending to municipalities to restore their social infrastructure and energy capacity", said the Deputy Chairman of the Board of Oschadbank.

In order to expand customer access to bank financing, Oschad has liberalized its approaches to assessing borrowers in the corporate business segment during the full-scale war.

"The most important thing for a borrower now is to retain the ability to generate a product and have a contract for its sale. After the market downturn in 2022, it is impossible to expect ideal indicators of constant growth in profits, revenue and other financial indicators. Given these circumstances, we have expanded the permissible limits of deviations from the normative indicators", said Yuriy Katsiyon.

Full text of the interview can be found at the link: https://forbes.ua/money/oshchadbank-planuemo-u-2024-rotsi-vidati-investitsiynikh-kreditiv-na-7-8-mlrd-grn-bilshe-22042024-20668

Press service of Oschadbank