The loan portfolio of the international financial service “NovaPay” (TM NovaPay), part of the Nova Group, reached 2.6 billion UAH, up from 2 billion UAH as of February 18 of this year, the company reported in a press release on its website.
According to the release, credit cards have become the most significant loan product in terms of portfolio volume: since February, the portfolio has grown by 61.3%—to 1 billion UAH—while installment loans grew by only 11%, to 925 million UAH.
As for the “Parcel on Credit” service portfolio, it decreased by 29% to 206 million hryvnia, while the remainder of the portfolio consists of loans for entrepreneurs, including financing for e-commerce and partners of the NOVA group of companies.
According to the company, approximately 50,000 new customers have used its credit products over the past 12 months.
“Approximately 140,000 customers have already used NovaPay’s credit products since the company began operations. At the same time, 40% of active borrowers use two or more credit products, and about 42% of customers take out repeat loans,” said Bogdan Gryvko, CEO of NovaPay Credit, as quoted in the press release.
The financial service specified that the average consumer loan amount is 5,000 UAH, while the average credit card limit is 27,500 UAH, and the average loan amount for sole proprietors in e-commerce is 422,000 UAH.
NovaPay was founded in 2001 as an international financial service that is part of the Nova Group (“Nova Poshta”) and provides financial services both online and offline at “Nova Poshta” branches.
In 2023, the company became the first non-bank financial institution in Ukraine to receive an expanded license from the National Bank of Ukraine (NBU), which allowed it to open accounts and issue cards; it was also the first non-bank to launch its own financial app with a wide range of financial services at the end of last year.
According to the results of the first half of 2026, “NovaPay Credit” increased its net profit 3.2 times compared to the same period in 2025—to 172.01 million UAH—and its revenue 2.2 times, to 586.42 million UAH.
The company’s equity as of the end of June stood at 688.5 million UAH, compared to 516.5 million UAH at the beginning of the year, while liabilities totaled 1.69 billion UAH, compared to 1.37 billion UAH.
According to Experts Club, the largest companies in Ukraine’s non-bank consumer lending market significantly increased their revenue in the first half of 2026. The combined revenue from financial services provided by the five largest players in the segment reached 7.55 billion UAH, which is 24.5% more than in January–June 2025, according to calculations by the Experts Club analytical center based on reports from the National Bank of Ukraine.
When compiling the ranking, Experts Club considered companies whose primary business is issuing consumer and short-term non-bank loans. Therefore, the leasing companies “OTP Leasing” and “ULF-Finance,” which are included in the NBU’s general ranking, were not included in the microcredit ranking.
First place goes to “Ukr Credit Finance,” which operates under the CreditKasa brand. The company’s revenue from financial services for the first half of the year reached 1.977 billion UAH, compared to 1.871 billion UAH a year earlier. This represents growth of approximately 5.7%. The company’s net profit reached 172.6 million UAH, compared to 68.1 million UAH in the first half of 2025, meaning it increased by approximately 2.5 times.
In second place is “Spozhyvchyi Tsentr” LLC (TM “ShvydkoGroshi”) with revenue of 1.504 billion UAH. A year earlier, this figure stood at 1.032 billion UAH, meaning growth reached 45.8%. At the same time, the company became the leader in net profit among leading microcredit providers—361.3 million UAH compared to 186.1 million UAH a year earlier.
Third place goes to FC “Ye Hroshi” with revenue of 1.482 billion UAH, which is 34.7% higher than the figure for the first half of 2025—1.100 billion UAH.
In fourth place is “Aventus Ukraine,” operating under the CreditPlus brand. The company increased its revenue from 1.169 billion UAH to 1.413 billion UAH, or by approximately 20.9%. CreditPlus’s net profit nearly doubled—from 128.3 million UAH to 233.4 million UAH.
Miloan ranks fifth with revenue of 1.172 billion UAH, compared to 893.4 million UAH for the same period last year. Thus, the company increased this figure by approximately 31.2%.
The ranking of the largest microcredit companies by revenue for January–June 2026 is as follows:
CreditKasa — 1.977 billion UAH, +5.7% year-over-year
“ShvidkoGroshi” — 1.504 billion UAH, +45.8%
“Ye Groshi”—1.482 billion UAH, +34.7%
CreditPlus—1.413 billion UAH, +20.9%
Miloan—1.172 billion UAH, +31.2%
The combined revenue of these five companies grew from 6.07 billion UAH to 7.55 billion UAH.
Three other notable online lending companies made it into the top ten of all financial companies in Ukraine by revenue from financial services. MyCredit earned 1.071 billion UAH, which is 4% less than a year earlier, while Credit7 earned 1.012 billion UAH, or 6.8% more. “Bizpozika,” which specializes, in particular, in lending to entrepreneurs and small businesses, increased its revenue by a whopping 91.7%—to 1.066 billion UAH.
Thus, a significant portion of Ukraine’s highest-revenue non-bank financial companies today are involved specifically in lending to individuals and small businesses.
Experts Club notes that the first-half results indicate not only the recovery of the non-bank lending market following the shock of the first years of full-scale war but also its continued concentration around a few major digital brands.
The difference in growth rates is particularly telling. CreditKasa remains the largest company in terms of absolute revenue, but “ShvidkoGroshi,” “Ye Groshi,” and Miloan grew the fastest among the top five in the first half of the year. This means that the gap between market leaders is gradually narrowing.
At the same time, revenue growth should be evaluated alongside profitability. For example, “ShvidkoGroshi,” with revenue of approximately 1.5 billion UAH, reported a net profit of 361.3 million UAH, while CreditKasa, with nearly 2 billion UAH in revenue, earned 172.6 million UAH. CreditPlus, with revenue of 1.41 billion UAH, reported a profit of 233.4 million UAH.
In total, the NBU’s report for the first half of 2026 includes 381 financial companies, compared to 422 a year earlier. A total of 318 companies reported profits, with their combined financial result amounting to 10.8 billion UAH, compared to 8.7 billion UAH for the same period in 2025.
Another 64 financial companies ended the half-year with losses totaling 245.5 million UAH.
According to Experts Club, market dynamics point to two parallel processes: demand for fast non-bank loans remains high, and the sector itself is growing and becoming more financially stable, despite a decline in the total number of active financial companies.
Going forward, key factors for the market will include the cost of customer acquisition, the level of non-performing loans, regulation of the maximum cost of consumer loans, and the ability of companies to retain borrowers amid growing competition from banks’ digital lending products.
Data source: National Bank of Ukraine statistics for the first half of 2026, published in the NBU’s supervisory statistics section.
NBU Statistics on the Nonbank Financial Market
On November 10, the President of Uzbekistan met with medical and pharmaceutical workers, congratulating them on their professional holiday, Medical Workers’ Day.
Over the past five years, approximately $624,000 has been allocated to specialized medical centers, and thousands of pieces of modern equipment have been purchased. At the same time, the efficiency of its use is only 25%. The president emphasized the need to prioritize the development of digitalization, the modernization of clinical protocols, the introduction of advanced diagnostics and prevention, as well as the formation of professional teams in the regions.
Now, the directors of 26 specialized centers, heads of regional and district health care systems, and heads of family clinics will work according to monthly plans, visit problem areas and mahallas, analyze the causes of morbidity, propose solutions, and train local doctors. Daily meetings with healthcare managers will be held at the mahalla level, and each manager will be required to ensure attentive and prompt treatment of patients.
Starting in the new year, the procedure for appointing heads of medical institutions will change: the positions of director and chief physician will be separated, and entrepreneurs with management training and proven results will be eligible for leadership positions.
The incentive system will also be modernized: the best managers will be awarded titles, orders, medals, and cash bonuses of up to $2,497, and $41,000 will be allocated to improve the infrastructure of institutions. The best specialists will be sent abroad for training.
The development of medical education continues: faculties of general medicine are being opened, and residency and master’s programs in family medicine are being launched. Students will study free of charge and work as doctors at the same time, receiving a 150% salary bonus upon completion of their studies. Support for nurses has been strengthened: a Higher Academy of Professional Medicine is being created, quotas for higher nursing education are being doubled, and from 2027, the annual increase will be at least 20%, and nurses with higher education will receive a 100% salary bonus.
A new system of continuous professional development is being created, including distance learning, AI-based simulator training, and independent learning in the workplace. To this end, a Center for Continuing Professional Medical Education will be established.
The president noted that the private sector already provides about 30% of medical services, and the state is ready to expand public-private partnerships. Tax breaks on the import of equipment and ambulances will be extended for three years, part of the VAT will be refunded to private medical organizations, and entrepreneurs will be provided with a preferential credit line of $200 million to create modern multidisciplinary clinics.
In conclusion, the Head of State emphasized the importance of professionalism and dedication of medical workers, instructed to continue reforms, improve the quality of services, and introduce modern technologies, noting that this will make Uzbekistan’s healthcare system accessible and effective for all citizens.
The European Investment Bank (EIB) will provide two loans of EUR 50 million and EUR 70 million to state-owned Ukrgasbank (Kyiv) to finance energy independence projects for municipalities and support green growth of small and medium-sized businesses, as well as a new EU portfolio guarantee.
“Within the framework of the Ukraine Recovery Conference (URC) in Rome, UGB (Ukrgasbank) and the European Investment Bank (EIB) announced the signing of a multi-component financial package,” the bank said on Thursday.
It is noted that this will allow attracting additional financing for small and medium-sized businesses worth tens of millions of euros and has become one of the first significant results of the Ukraine Recovery Conference 2025 in Rome.
As part of the package, Ukrgasbank will allocate EUR 50 million to strengthen the energy independence of Ukrainian municipalities. The funds will be used to modernize the district heating infrastructure, develop decentralized heat generation, integrate renewable energy sources and improve energy efficiency of public buildings. The EU grant component will make this funding available to frontline communities.
Another EUR 70 million will be allocated to support the sustainability and green growth of small and medium-sized businesses. These funds will help businesses maintain operations, modernize and implement environmental solutions.
“This financing is further strengthened by a portfolio guarantee from the EU provided by the EIB, which will significantly increase Ukrgasbank’s ability to lend and raise critical capital for the private sector in the amount of more than EUR 31.25 million, even in wartime,” the bank added.
According to the National Bank of Ukraine, in April 2025, Ukrgasbank ranked fifth in terms of total assets (UAH 220.0 billion or 5.9%) among 60 banks operating in the country.
As reported, the European Investment Bank Group and the European Commission announced a new EU financing package of EUR 600 million at the Ukraine Recovery Conference.
Japan is urgently prepared to provide support to Ukraine with a loan of at least $100 million as a sign of support for it in the conditions of the buildup of Russian troops on the Ukrainian border, the Ministry of Foreign Affairs of Japan said following a telephone conversation between Japanese Prime Minister Fumio Kishida and Ukrainian President Volodymyr Zelensky.
“Prime Minister Kishida informed that Japan is urgently prepared to provide support with a loan of at least $100 million based on the request of the Ukrainian side, and President Zelensky expressed deep gratitude for this,” the Japanese Foreign Ministry said in a report on the website after the February 15 conversation.
Japan has been paying close attention to the move to strengthen Russian troops around the Ukrainian border. Japan has consistently supported Ukraine’s sovereignty and territorial integrity, the Ministry of Foreign Affairs of Japan said.
“The two leaders agreed to work together to ease tensions through diplomatic efforts,” the ministry said in the statement.
Bank Credit Dnipro intends to acquire the First Investment Bank (PINbank, Kyiv), owned by Russian citizen Yevgeny Giner (88.89% of shares), the press service of the Antimonopoly Committee of Ukraine said on Monday. “By order of the state commissioner No. 09/334-r dated November 23, 2021, case No. 130-25 / 3-20-EK was initiated on concentration in the form of acquisition of the First Investment Bank by Bank Credit Dnipro, which grants that 50% of the votes in the supreme management body of the bank are exceeded,” the committee said.According to the National Bank of Ukraine (NBU), as of June 25, 2021, the shareholders of PINbank were also Oleksandr Shandruk with a 9.51% stake.Bank Credit Dnipro was founded in 1993. As of January 1, 2021, according to the National Bank of Ukraine, the only shareholder of the bank was Oleksandr Yaroslavsky.According to the NBU, as of October 1, 2021, Bank Credit Dnipro was ranked 19th in terms of total assets (UAH 19.781 billion) and PINbank 44th (UAH 3.698 billion) among 71 operating banks.
