The National Bank of Ukraine (NBU) has excluded from the State Register of Financial Institutions such companies as׃ Credit Institution Credit Commerce LLC, Financial Company Monopolium Finance LLC, Finance and Credit Group Chaika LLC on the basis of their applications.
As reported on the regulator’s website, the relevant decisions were made by the NBU Committee on Supervision and Regulation of Non-Bank Financial Services Markets at a meeting on December 11, 2020.
According to the NBU, Credit Commerce had one license to issue loans, financial loans as well. As of September 30, 2020, the volume of assets of this institution was UAH 10.7 million, or 0.006% of the total assets of financial companies.
Monopolium Finance had three licenses: for the provision of guarantees and sureties, loans, financial loans, as well as factoring services. The licenses were revoked at a committee meeting on November 20. The company’s assets amounted to UAH 403.9 million, or 0.2% of the total assets of financial companies.
Finance and Credit Group Chaika had one license for issuing loans, including financial ones. The license was revoked on July 30, the volume of assets is UAH 5.9 million, or 0.003% of the total assets of financial companies.
