The number of insurance companies in Ukraine decreased by one in July 2025, and as of the end of the month, there were 51 risk insurers operating on the market, 10 life insurance companies, and one company with special status, the Export Credit Agency (ECA). According to the website of the National Bank of Ukraine (NBU), the number of banks remained unchanged at 60. The number of insurance and/or reinsurance brokers also remained unchanged at 44.
Overall, the number of participants in the country’s non-bank financial market decreased to 799 last month from 812 at the beginning of the month.
The NBU reports that in July it revoked the licenses of one financial company at the applicant’s initiative and forcibly revoked the licenses of eight financial companies, one risk insurer, and three credit unions.
As of August 1, 2025, there were also 423 financial companies (previously 432), 90 credit unions (previously 93), 105 pawnshops, one leasing company, and 74 collection companies (the number remained unchanged) operating in the non-bank financial services market.
The number of banking groups increased by one to 16, non-banking financial groups remained at 40, payment systems created by residents, including state-owned ones, numbered 15, and 10 international ones (previously 12), payment institutions – 17 (previously 18), financial institutions authorized to provide payment services – 12, one electronic money issuer, and one postal operator.
Other entities operating in the payment market include 48 commercial agents and 31 payment service technology operators (the number has not changed).
In July, the National Bank received 280 requests from market participants regarding registration and licensing activities.
The number of requests concerning financial companies, pawnshops, and leasing companies amounted to 149, insurers – 54, credit unions and collection companies – 32, banks – 45.
