the state-owned bank said in a press release to investors. Sergei Naumov, the Chairman of the Board of Oschadbank, wrote “The reporting year 2020 was full of turbulent events that shocked the whole world. The global crisis associated with the pandemic caused unprecedented challenges in all areas of our life. I am pleased to state that despite all the difficulties Oschadbank coped with these challenges with dignity managed to ensure the stable operation of the financial institution, as well as to maintain the trust of more than 7 million customers.