The National Bank of Ukraine (NBU) has applied to PJSC IC Respect (Odessa) a penalty measure in the form of a fine totaling UAH 2.880 mln for submitting reports to the regulator in violation of the deadlines.
Such decision was made by the Committee on Supervision and Regulation of Non-banking Financial Services Markets on December 22, 2025, based on the results of a scheduled inspection, which was carried out by the Inspection Department of the National Bank.
Thus, a fine in the amount of UAH 2.4 million was imposed for violation of the requirements of the Rules of compiling and submitting reports by participants of the non-banking financial services market to the National Bank of Ukraine. A fine in the amount of UAH 480 thousand has been imposed for violation of the requirements of the Regulation on authorization of financial service providers and conditions of their activities on provision of financial services.
Private JSC “IC ”Respect” is obliged to pay the fine within a month from the date of entry into force of this decision.
As it was informed, IC Respect has been working in the market of Ukraine since March, 1995. The main portfolio of risks of the company is connected with the transport sector.
In January-September 2025 the company has collected UAH 67,672 mln of net premiums that is 68% more than in the same period of 2024.
The company paid UAH 11.967 mln during the mentioned period, which is 4.3 times more than in the same period a year ago. At the same time, administrative expenses amounted to UAH 313 thousand, which is 2.2 times more than in January-September 2024.
The financial result from operating activity of IC “Respect” for nine months has amounted to UAH 5,538 mln (less in 3,8 times), net profit – UAH 8,601 mln (less in 2,7 times).
According to the data of the NCSSM as of the first quarter of 2025, LLC “AMC ”Yug-Invest“ (Mutual closed non-diversified venture investment fund ‘Industrial’) owned 67,935% of the shares of the insurer, LLC ”Lyubimiy Gorod“ – 9,646%, LLC ”Bereg building service 2017″ – 9,242%.
