The National Bank of Ukraine (NBU), based on the companies’ own applications, revoked the operating licenses of Forward Finance LLC, Statuscapital LLC, and Garonna Financial Company LLC and removed them from the State Register of Financial Institutions, the regulator announced on Friday.
The licenses granted the right to provide funds and precious metals on credit, as well as to engage in factoring.
The decision to revoke the licenses and remove the companies from the registry was adopted by the Committee on Supervision and Regulation of Nonbank Financial Services Markets on September 3.
According to the NBU, in the first half of 2026, LLC “FC Forward Finance” earned 518.84 million UAH in revenue from providing financial services and 48.5 thousand UAH in net profit. Statuscapital LLC generated 5.12 million UAH in revenue from financial services and 708,800 UAH in net profit, while
FC “Garonna” LLC ended the first half of the year with a loss of 2.94 million UAH.
The National Securities and Stock Market Commission (NSSMC) has registered the 16th issue of Series “P” bonds by the international financial service NovaPay (TM NovaPay), part of the Nova Group, issued by its subsidiary “NovaPay Credit,” with a face value of 200 million hryvnia, according to the bond prospectus.
It is noted that the issue involves the placement of 200,000 registered, interest-bearing, unsecured bonds with a par value of 1,000 UAH each. The interest rate on these bonds will be 18% per annum.
The public offering of the bonds is scheduled to run from September 4, 2026, to August 3, 2027, provided the prospectus remains in effect. The bonds will be offered for listing on the “Perspektiva” stock exchange. “Univer Capital” LLC has been appointed as the administrator for the “R” series issue.
The company plans to use the proceeds from the offering for lending: 80% to individuals and 20% to legal entities.
Redemption of the bonds is scheduled for September 4–10, 2029.
As previously reported, in July, the National Securities and Stock Market Commission (NSSMC) registered NovaPay’s 15th Series “O” bond issue with a face value of 200 million UAH. In early June, the company announced the full placement of its 14th Series “N” issue of the same volume.
Based on the results for the first half of 2026, NovaPay Credit increased its net profit 3.2-fold compared to the same period in 2025—to 172.01 million UAH—and its revenue 2.2-fold, 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.
The company’s proceeds from bond sales during this period rose to 693 million UAH from 355.63 million UAH a year earlier, while expenses related to their redemption increased to 578.80 million UAH from 244.92 million UAH, respectively.
In March 2026, Ukrainian banks issued 808 mortgage loans totaling UAH 1.51 billion, which is 7.9% more than in February, when 701 loans totaling UAH 1.39 billion were issued, according to the results of a monthly survey by the National Bank of Ukraine (NBU).
“The quality of the mortgage portfolio is good: the share of non-performing loans is only 13%,” the regulator commented on the results via its Telegram channel.
At the same time, compared to March 2025, the volume of loans issued increased by 87.5%.
As the National Bank specifies, among the 38 surveyed banks, which together account for over 95% of the gross mortgage portfolio, 14 banks issued new loans in March. Most transactions were concluded in the primary housing market: 494 in March totaling UAH 932.4 million, compared to 386 in February totaling UAH 766.6 million.
In the secondary housing market, 314 deals were concluded for UAH 572.7 million, while in February there were 315 deals for UAH 627.7 million.
The weighted average effective interest rate in the primary market in March 2026 increased to 8.37% per annum (8.25% in February 2025), and in the secondary market to 10.48% (9.46%).
Survey data show that the largest number of loans in March was issued in Kyiv and the Kyiv region—441 loans totaling 873 million UAH (58.0% of the total volume). Next are Lviv Oblast—43 loans totaling 92 million UAH, Vinnytsia Oblast—35 loans totaling 69 million UAH, and Volyn Oblast—32 loans totaling 57 million UAH.
As reported, on May 5, the Financial Stability Council approved the updated Strategy for the Development of Mortgage Lending.
The document provides for risk reduction, improvement of state support for mortgages, protection of creditors’ rights, development of construction financing instruments, and improved access to information on real estate market prices.
State-owned Oschadbank and the UPG gas station chain have signed a cooperation agreement that provides for business loans on special terms for the purchase of motor fuel, according to Yuriy Voychak, director of Oschadbank’s sales department.
“We were the first among all Ukrainian banks to sign a cooperation agreement that allows all UPG customers who need it to purchase fuel using credit funds. Loan terms: 0.01% per annum, for up to 12 months, unsecured. The loan amount is up to 20 million UAH,“ Voychak said during the Energy Finance forum organized by Oschadbank in Kyiv on Wednesday.
”This means that farmers or other UPG clients can apply for financing. We have liquidity, we have sufficient funds, the interest rate is minimal, and the loan is provided without collateral—the procedure is as simple as possible,” the bank representative explained.
He noted that the bank and the network are expecting loan applications from businesses. Voychak clarified that the agreement between the bank and UPG was signed about a month ago.
In a comment to Energoreforma, he noted that the bank is negotiating with other networks to conclude similar agreements.
“WOG and OKKO have started approaching us. We are in negotiations,” said Voychak.
According to him, such an agreement creates a three-way benefit: the client has fuel, the bank has a client to lend to, and the gas station network increases its fuel sales.
UPG network owner Volodymyr Petrenko told Energoreforma that, according to his information, approximately 60 million UAH worth of fuel has already been sold under the loan agreement.
“After the rise in fuel prices, roughly twice as much money is needed to purchase it. Thanks to the loan, we can avoid using working capital for this. Our goal is to give consumers the opportunity to purchase the fuel we import from the U.S. and appreciate its high quality,” said Petrenko.
As reported, UPG (Ukrainian Petrol Group) is a Ukrainian group of companies specializing in the trade of petroleum products. UPG ranks among the top three largest operators in Ukraine by number of stations. The group has its own logistics infrastructure and conducts direct fuel supplies from leading refineries in Europe and the U.S. The founder of UPG is Volodymyr Petrenko.
Earlier, Oschadbank noted in its press release regarding a new business program with UPG—which allows entrepreneurs to purchase fuel for seasonal work or ongoing operations without straining working capital—that its main advantage is a preferential interest rate of 0.01% per annum for the first four months of the loan.
BUSINESS, FUEL, LENDING, OSCHADBANK, UPG
Oschadbank has launched the Select Finance program—a financing program for used cars sold through official dealers in Ukraine.
The program offers more favorable financing terms compared to traditional used car loans and applies to vehicles with low mileage that have a verified service history and are covered by the manufacturer’s warranty.
A vehicle purchased under the program must meet the following requirements:
Oschadbank offers flexible financing terms:
“We have focused on the segment of used cars sold through official dealers and covered by a manufacturer’s warranty. This gives customers the opportunity to get a reliable car at a more affordable price than a new one. Today, the used car loan segment accounts for only about 6% of the market for secured passenger car loans. However, it has become the true growth leader: over the past year, the number of such loans has nearly doubled. Therefore, we see significant prospects for further scaling our presence in this segment,” noted Dmytro Bashtovyi, Director of the Partner Relations Department at Oschadbank.
Ukrsibbank (Kyiv) plans to increase its loan portfolio in the small and medium-sized business (SME) segment by more than 2.5 times in 2026, according to Vladimir Shevchenko, head of the retail sales department.
“Last year, we increased our loan portfolio in the SME segment by almost 3 times,” Shevchenko said during the presentation of the results of the European Business Association (EBA) study “Small Business Sentiment Index” 2026.
Commenting on the study data, according to which only 12% of entrepreneurs consider lending as a source of financing, Shevchenko noted that this figure is low compared to developed countries, but at the same time indicates the potential for growth after the end of the war.
“For me, this 12% is like a glass that is half full and half empty.
On the one hand, it is very little, but on the other, it is the potential that awaits us after victory,” he added.
The main barrier to more active lending to small businesses remains entrepreneurs’ uncertainty about the future, while banks do not have a shortage of liquidity or credit appetite.
Shevchenko added that banks are adapting their processes to SME requests for quick access to financing, in particular by reducing decision-making time and trying to use information from open sources to offer customers almost ready-made solutions.
The greatest demand for lending in the SME segment comes from the retail trade (financing of working capital and covering cash gaps), while enterprises in the agricultural sector, manufacturing, and logistics also actively need loans.
“Among the key requirements of small businesses for banks, in addition to the cost of lending, the speed and convenience of financing approval are becoming increasingly important, as customers are not willing to wait one or two months for a loan decision,” Shevchenko emphasized.
At the same time, he noted that a significant increase in the share of entrepreneurs who consider loans as a source of financing should not be expected before the end of the war.
Ukrsibbank is owned by BNP Paribas (France) — 60% and the European Bank for Reconstruction and Development (EBRD) — 40%.
According to the regulator, as of January 1, 2026, the bank ranked 8th (UAH 186.48 billion) among 60 banks in Ukraine in terms of net assets, with a net profit of UAH 5.8 billion for 2025.
The bank’s net loan portfolio in 2025 increased by 73.9% to UAH 17.29 billion.
