Ukraine’s state-owned Oschadbank reported a 38.6% year-on-year rise in net profit for the third quarter of 2025, reaching UAH 4.19bn ($104mn), driven by higher interest and commission income despite rising administrative costs, the bank said on its website.

Pre-tax profit rose by 7.1% to UAH 5.69bn, while net interest income jumped 31.8% to UAH 8.19bn and net commission income climbed 25.5% to UAH 2.07bn. Operating income totalled UAH 11.58bn, up 17.9% from a year earlier.

Oschadbank recorded a UAH 0.2bn loss from financial instrument revaluations, compared to a UAH 1.37bn profit in the same quarter of 2024. Employee and administrative expenses rose 26.4% and 35.1%, respectively.

The bank’s loan portfolio grew 10.2% since the start of the year to UAH 148.16bn, supported by participation in state-backed lending initiatives such as the Affordable Loans 5-7-9% and eOselia mortgage programmes. Loans under the eOselia scheme reached UAH 10.79bn as of September 30, up from UAH 8.57bn at the end of 2024.

For the first nine months of 2025, Oschadbank’s net profit rose 17.3% to UAH 13.88bn ($331mn), helping reduce its uncovered loss by 2.5 times to UAH 6.93bn. The lender’s equity grew 28.8% to UAH 44.6bn, while total assets climbed 6.6% to UAH 456.73bn, ranking it second among 60 Ukrainian banks, according to the National Bank of Ukraine.

Meanwhile, the country’s largest lender, PrivatBank, has abandoned plans to expand into the EU market, board member Dmytro Musienko said, citing regulatory complexity. The bank will instead focus on its domestic retail and SME segments, where it maintains a leading position. For the first nine months of 2025, PrivatBank earned UAH 50.6bn in net profit, cementing its role as the top performer in Ukraine’s banking sector.