The public JSC «Derzhavny Oshchadny Bank» was founded in accordance with the Order of the President of Ukraine No. 106 dated May 20, 1999, and the Decree of the Cabinet of Ministers of Ukraine No. 876 dated May 21, 1999. JSC “Oshchadbank” was founded on the basis of the State Specialized Commercial Savings Bank of Ukraine which was converted into the open JSC “Derzhavny Oshchadny Bank” and later converted into a public joint-stock company according to the Law of Ukraine “On Joint-Stock Companies”. The bank is a legal successor of the State Specialized Commercial Savings Bank of Ukraine registered by the National Bank of Ukraine on December 31, 1991, under No. 4.
100,0 % of the bank’s shares are owned by the state.
As per July 1, 2015, the bank’s assets are UAH 148,15 bn. Thus, based on assets, Oshchadbank ranks as the second largest bank in Ukraine.
The Ministry of Finance of Ukraine is currently elaborating a development strategy for state-owned banks jointly with their management, representatives of the National Bank and international financial organizations.