Oschadbank made the first step toward Privatization,

said the European Bank for Reconstruction and Development (EBRD) in a recent press release. The EBRD and Oschadbank, Ukraine’s state savings bank, today agreed today to work together towards a pre-privatization engagement. They will assist in the commercialization of Oschadbank, improve its corporate governance and undertake other corporate governance tasks to attract a robust investor. The agreement was signed by Matteo Patrone, EBRD Managing Director, and Serhii Naumov, the CEO of Oschadbank.