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Arrival of Russia’s Sberbank will spur Oschadbank, says official
Journal Staff Report

KIEV, July 13 - The expected arrival on the Ukrainian market of Russia’s Sberbank will increase competition in the country's banking sector and, in particular, will push Ukraine's Oschadbank to develop more dynamically, Ukrainian first deputy head of the presidential secretariat, Oleksandr Shlapak, said.

"I hope that they will force our Oschadbank to move, as unfortunately it is not implementing its main function and instead of getting into the retail market, it is continuing to credit large projects. And so is a regular competitor for our commercial banks," Shlapak said.




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