The National Bank of Ukraine has revoked the licenses of six non-bank financial institutions and excluded them from the State Register of Financial Organizations based on their applications, the regulator’s website reports.
Thus, due to the loss of the license to provide funds and precious metals on credit, Urgent Lending Service LLC, Simple Loans LLC, Modern Ukrainian Capital LLC, Cool Credit LLC, FC Crystal LLC were excluded from the state register with the loss of the right to provide financial factoring services and Tamga Capital LLC – provision of funds and precious metals on credit, factoring and financial leasing.
In addition, based on their own applications, the NBU approved a change in the scope of the license for the activities of the financial company LLC FC Business Orbit Group. Such financial service as financial leasing was excluded from the license, and the right to provide funds and bank metals on credit and factoring was retained. FC “KIF” LLC was excluded from the license for factoring and financial leasing. In the future, the company will have the right to provide funds and precious metals on credit.
The NBU Committee on Supervision and Regulation of Non-Banking Financial Services Markets made these decisions on May 17, 2024.
