The international financial service NovaPay (TM NovaPay) raised the rate on short-term deposits from private investors by 1-2 percentage points (pp) — from 1 to 3 months, and by 0.25-0.5 p.p. for deposits with a term of 4 to 9 months, according to the company’s press release on Thursday.
It is noted that the current rates as of October 23, 2025, are: 1 month — 12%; 2 months — 14%; 3 months — 15.5%; 4 months — 17%; 6 months — 17.5%; and 9 months — 17.75%.
In July, NovaPay offered 10% per annum for 1 month, 12% for 2 months, 14.5% for 3 months, 16.5% for 4 months, and 17.5% for 6 and 9 months.
The company clarified that the rate for annual deposits remained unchanged at 18%.
Since the beginning of March 2025, the National Bank has held the discount rate at 15.5% for five consecutive meetings, and before that, it increased it three times since mid-December 2024. Earlier, it had kept it at 13% for six months, to which it had been reduced from 25% in July 2023 in seven stages.
According to NovaPay CFO Igor Prykhodko, most clients invest in short and medium terms.
As reported, NovaPay launched an alternative to deposits through repo transactions with bonds of its subsidiary NovaPay Credit. They are available for purchase in the NovaPay mobile app. As of July this year, the company reported attracting UAH 1.7 billion through this mechanism.
NovaPay was founded in 2001 as an international financial service, part of the Nova group (“Nova Poshta”), providing online and offline financial services in Nova Poshta branches. According to the website, the company employs about 13,000 people in more than 3,600 Nova Poshta branches throughout Ukraine. According to the National Bank of Ukraine, the company accounts for about 35% of the total volume of domestic money transfers.
NovaPay was the first non-bank financial institution in Ukraine to receive an extended license from the NBU in 2023, which allowed it to open accounts and issue cards, and was also the first among non-banks to launch its own financial application with a wide range of financial services at the end of last year.
According to the bond prospectus, NovaPay Credit plans to increase its interest income to UAH 802.1 million this year and to UAH 1 billion 515.1 million next year, and to receive UAH 518.9 million and UAH 1 billion 30.6 million in net profit, respectively.
Last year, the company’s net profit grew to UAH 89.2 million from UAH 40.3 million a year earlier, with revenue growing to UAH 285.6 million from UAH 95.6 million.
According to the results for January-September this year, state-owned PrivatBank received UAH 50.6 billion in net profit, which is 5% or UAH 2.2 billion more than in January-September last year, according to a press release from the bank on Thursday.
“Business results without revaluations, loan risk reserves, and taxes reached UAH 62.6 billion, an increase of 15% (UAH 8.2 billion) compared to the same period in 2024,” the financial institution said.
According to the bank, it ranks first in the market in terms of profitability, generating more than 43.5% of the banking sector’s pre-tax profit. It is noted that this demonstrates the stability of the chosen business model and the growth of operational efficiency despite external challenges.
According to the release, since the beginning of the year, the bank’s net loan portfolio has grown by UAH 30 billion (+27%), reaching UAH 143 billion as of September 30, 2025. According to its data, PrivatBank ranks first in Ukraine in terms of loan portfolio volume, covering almost 15% of the market. At the same time, the market share of loans to individuals is almost 35%.
During the first nine months of 2025, funds in individual customer accounts increased by UAH 59 billion in equivalent terms (+13%), reaching UAH 505 billion, thanks to which PrivatBank, with a market share of 22.9%, is also the leader in terms of deposits from both legal entities and individuals.
“The basis for the bank’s successful financial results is stable and growing net interest (+19%) and commission (+5%) income compared to the first nine months of 2024,” the release says.
The cost-to-income ratio (CIR) is 24.07%, while the average for all banks is 41.77%.
As of October 2025, PrivatBank’s active customer base was 18.1 million individuals, which is 220,000 fewer than at the end of 2024. On the other hand, the number of business clients increased by 20,000 to 930,000 during this period, while the number of users of the Privat24 mobile app decreased by 150,000 to 13.61 million.
According to NBU statistics, as of October 1, 2025, PrivatBank had 1,096 branches, compared to 1,113 on the same date last year.
The bank’s infrastructure includes 7,100 ATMs and 10,300 self-service terminals. As of October 2025, PrivatBank had over 341,000 POS terminals.
According to the NBU, PrivatBank’s total assets reached UAH 1.001 trillion as of September 1, 2025, or 25.6% of the total assets of the Ukrainian banking system.
Dynamics of import of goods in january-may 2025 by most important items in relation to same period of 2024, %
Source: Open4Business.com.ua
European Union leaders, noting Ukraine’s fulfillment of the conditions for opening negotiation clusters on EU accession, did not take the relevant decision due to Hungary’s position.
This follows from a statement on the conclusions agreed upon by 26 EU member states, except Hungary, following the consideration of the Ukrainian issue at the European Council meeting in Brussels on Thursday.
“The European Council reaffirms the EU’s unwavering support for Ukraine’s path to EU membership and welcomes the significant progress Ukraine has made so far under the most difficult circumstances,” the statement on the conclusions says.
In this regard, the European Council called on Ukraine, the Council, and the Commission to continue working on the accession process in accordance with a merit-based approach.
“The fundamental issues cluster will be opened first and closed last, and the clusters will be opened after the conditions have been met, in accordance with the enlargement methodology. The European Council takes note of the Commission’s assessment that the fundamental issues, internal market, and external relations clusters are ready to be opened,” the statement said.
The European Council will return to this issue at its next meeting.
The Finnish government has decided to allocate €100 million for the purchase of weapons from the US for transfer to Ukraine, Prime Minister Petteri Orpo announced on Thursday.
“On Thursday, the government decided to allocate €100 million to support Ukraine by purchasing weapons from the US. This is a NATO-coordinated support package called PURL. Finland is participating in a joint support package for the Baltic and Northern European countries, which is planned to be delivered to Ukraine in the near future,” the Finnish prime minister said, as quoted by the Helsingin Sanomat newspaper.
“The situation in Ukraine is critical. Yes, we must participate. We cannot stand aside when all the countries of Northern Europe and the Baltic States are involved,” he stressed.
According to Orpo, the funding will be provided through external borrowing and Finland’s budget will not be revised, “even though it will increase the debt.”
The initiative to finance the purchase of American weapons for Ukraine came after the US administration refused to continue supplying weapons to Kyiv free of charge. In August, four packages of American weapons were prepared for a total amount of about $2 billion. The financing was provided by Germany, Denmark, Canada, the Netherlands, Norway, and Sweden.
On August 15, at a meeting of NATO defense ministers in Brussels, Estonia, Latvia, Lithuania, Belgium, Luxembourg, Finland, and Iceland announced their decision to join the program. In October, Spain also announced its participation.
On October 24, 2025, the 7th annual congress of construction industry professionals, SUMMIT 7 2025, organized by Ukraine’s largest platform for builders, the League of Masters, will take place in Kyiv at the VDNG (Pavilion No. 9 “KIT”). The event will bring together more than 1,000 participants from various specializations and will become a key point for the exchange of experience, networking, and industry development. The general sponsor of the event is SCHNEIDER ELECTRIC.
Main events of SUMMIT 7 2025:
The purpose of the event
To promote and enhance the prestige of the construction profession, establish communication between market participants, support veterans who are planning to change professions, and find new suppliers and partners for managers of specialized institutions.
Registration
Admission is free for veterans after registration: https://forms.office.com/e/bfS9BbZJai
SUMMIT 7 2025 partners are powerful manufacturers and suppliers: Distar, TM Buduy, Ceresit, Knauf, Onteplo, Schneider Electric, Polimin, Axor, EcoSoft, Kreisel, Grohe, the KNUBA Veterans Institute, and others.
SUMMIT 7 2025 is a unique opportunity for professionals, students, veterans, and managers of specialized institutions to join in the development of the construction industry, find new partners and suppliers, and increase their own expertise.
Interfax-Ukraine — information partner
