On February 19, the Board of the National Bank of Ukraine (NBU) decided to classify the state-owned PIN Bank as insolvent. As in the case of Motor Bank, the reason was the failure to comply with the regulator’s written request to submit a revised financial recovery plan, taking into account the comments made after the bank was classified as problematic, according to the NBU website.
The National Bank also emphasized that PIBank is not systemically important (its share in the sector is 0.01% of assets) and was classified as problematic on December 16, 2025, due to a violation of the minimum regulatory capital requirements.
The bank’s regulatory capital on the date of the decision was UAH 73 million, while the National Bank’s minimum requirement was UAH 200 million.
The Deposit Guarantee Fund will reimburse depositors in full, including interest, as of the end of the day before the start of the procedure for withdrawing the bank from the market, except in cases specified by law.
As reported, in February 2023, the High Anti-Corruption Court of Ukraine seized 88.89% of the shares of PIN Bank, which belonged to Russian businessman Yevgeny Giner, in favor of the state.
According to the National Bank, at the beginning of the year, the financial institution ranked 59th (UAH 212.7 million) among 60 banks in Ukraine in terms of total assets, and its loss for 2025 amounted to UAH 63.2 million.
Leaders of the insurance market of Ukraine on collected premiums in January-November 2025 became insurance companies “SG ”TAS“ – UAH 7,047 billion, ”ARKS“ – UAH 5,275 billion, ”INGO“ – UAH 4,642 billion, IC ‘VUSO’ – UAH 4,639 billion, ”Arsenal Insurance” – UAH 4,458 billion.
As evidenced by the data of the project of information exchange “PRIMA” of the National Association of Insurers of Ukraine (NASU), compared to 10M2025 IC ‘Unica’, which occupied the fifth position of the leaders’ rating, has conceded this place to IC “Arsenal Insurance”.
In the market of compulsory insurance of motor civil liability at the end of 11 months, as before, were SG “TAS” – UAH 3,672 billion, “Oranta” – UAH 2,702 billion, “Knyazha VIG” – UAH -2,221 billion, ‘INGO’ – UAH 1,123 billion and “Arsenal Insurance” – UAH 1,095 billion.
Also in the cross-section of the compared periods there were no changes in the market of “Green Card”, where the top five are still “TAS” – UAH 1.150 billion, “USG” – UAH 967.4 million, ‘ROM’ – UAH 863 million, “Knyazha VIG” – UAH 351 million, “VUSO” – UAH 247.9 million.
The CASCO market, as before, is headed by IC “ARKS” – UAH 2.559 billion, “Arsenal Insurance” – UAH 2.469 billion, “VUSO” – UAH 1.202 billion, ‘Unica’ – UAH 1.143 billion and “Universalna” – UAH 1.046 billion.
The leadership in voluntary health insurance is held by the former five: IC Unica – UAH 1,839 billion, followed by IC VUSO – UAH 1,109 billion, IC Universalna – UAH 1,045 billion, IC INGO – UAH 933,4 million and SG TAS – UAH 816,5 million.
In the life insurance market, the first position is still occupied by IC “MetLife” – UAH 2.771 billion, IC ‘TAS’ – UAH 850.9 million, “Grave Life” – UAH 625.2 million, “ROM Life” – UAH 360.1 million, “Unica Life” – UAH 315 million.
As reported, as of December 1, 2025, 48 risk insurers worked in the insurance market of Ukraine, 10 specialized in life insurance, one – with a special status (“Export Credit Agency”, ECA).
The National Bank of Ukraine (NBU) has applied to PJSC IC Respect (Odessa) a penalty measure in the form of a fine totaling UAH 2.880 mln for submitting reports to the regulator in violation of the deadlines.
Such decision was made by the Committee on Supervision and Regulation of Non-banking Financial Services Markets on December 22, 2025, based on the results of a scheduled inspection, which was carried out by the Inspection Department of the National Bank.
Thus, a fine in the amount of UAH 2.4 million was imposed for violation of the requirements of the Rules of compiling and submitting reports by participants of the non-banking financial services market to the National Bank of Ukraine. A fine in the amount of UAH 480 thousand has been imposed for violation of the requirements of the Regulation on authorization of financial service providers and conditions of their activities on provision of financial services.
Private JSC “IC ”Respect” is obliged to pay the fine within a month from the date of entry into force of this decision.
As it was informed, IC Respect has been working in the market of Ukraine since March, 1995. The main portfolio of risks of the company is connected with the transport sector.
In January-September 2025 the company has collected UAH 67,672 mln of net premiums that is 68% more than in the same period of 2024.
The company paid UAH 11.967 mln during the mentioned period, which is 4.3 times more than in the same period a year ago. At the same time, administrative expenses amounted to UAH 313 thousand, which is 2.2 times more than in January-September 2024.
The financial result from operating activity of IC “Respect” for nine months has amounted to UAH 5,538 mln (less in 3,8 times), net profit – UAH 8,601 mln (less in 2,7 times).
According to the data of the NCSSM as of the first quarter of 2025, LLC “AMC ”Yug-Invest“ (Mutual closed non-diversified venture investment fund ‘Industrial’) owned 67,935% of the shares of the insurer, LLC ”Lyubimiy Gorod“ – 9,646%, LLC ”Bereg building service 2017″ – 9,242%.
The National Bank of Ukraine has applied to PJSC “European Insurance Alliance” (Kiev) a measure of influence in the form of a fine of UAH 100 thousand for submitting reports to the regulator with violation of deadlines. Such decision was taken by the Committee for Supervision and Regulation of Non-banking Financial Services Markets on December 15, 2025, based on the results of the on-site supervision of the non-banking financial services market.
The company is obliged to pay the fine within one month from the date of entry into force of this decision.
PJSC “European Insurance Alliance” was founded on September 22, 1994. The Company is a member of the Motor (Transport) Insurance Bureau of Ukraine, the League of Insurance Organizations of Ukraine and the Nuclear Insurance Pool of Ukraine.
The company has a license of the NBU dated April 25, 2024 to carry out insurance activities in 16 classes, in particular property insurance, car insurance, liability insurance, health insurance and the like.
The authorized capital amounts to UAH 55 mln.
The National Bank of Ukraine has withdrawn the license for insurance activities and excluded from the State Register of Financial Institutions ALC Insurance Company “Garant & Ya” (Lviv) on the basis of the submitted application.
As reported, the NBU on July 18, 2025 granted to ALC “IC ”Garant & Ya” permission to exit the market by fulfilling the insurance portfolio and coordinated to this insurer the plan of exit from the market by fulfilling the insurance portfolio.
According to the company’s statements for the nine months of 2025, its insurance portfolio was formed by 100% of CASCO. The volume of insurance premiums of the company in the specified period amounted to UAH 14,312 million, insurance payments – UAH 23,437 million.
“The insurer adhered to solvency requirements. As of October 1, 2025 he has no obligations under insurance and reinsurance contracts,” – is emphasized in the information.
Insurance company “Garant and I” works in the insurance market since 2010. Since July 2011, the head office of the company was located in Lviv.
Authorized capital is UAH 33 mln.
The National Bank of Ukraine for violation of legal requirements in the sphere of prevention and counteraction to legalization of proceeds of crime and currency legislation in October 2025 applied to seven banks measures of influence, including fines for the total amount of UAH 205.8 million. According to the publication on the regulator’s website, the largest fines received banks Alliance – UAH 83.5 million, MTB – UAH 78.2 million, Universal, on the basis of which operates mono, – UAH 27.3 million and Ukrsibbank – UAH 11.5 million.
As noted by the National Bank, Alliance Bank was fined UAH 67.6 million for improper organization and conduct of primary financial monitoring (internal documents and procedures, risk management, application of risk-oriented approach, verification of clients, provision of reliable information to NBU requests). Separately, a fine of UAH 15.9 million was imposed for violations of customer due diligence, enhanced measures against high-risk customers, documentation of AML/CFT activities and work with customers related to politically exposed persons.
In addition, the bank received a written warning for failing to include in customer questionnaires data confirmed by available documents.
MTB Bank was fined UAH 75.0 million for failure to comply with the risk-oriented approach, risk management (including remote technologies and new products) and customer due diligence. A separate fine of UAH 3.2 mln was imposed for violation of currency supervision requirements, in particular, untimely identification of currency transactions indicator and shortcomings in analyzing and verifying documents on currency transactions. At the same time, the bank received a written warning for shortcomings in the development and updating of internal documents on AML/CFT issues.
According to the release, Universal Bank was fined UAH 27.3 million for improper customer due diligence, deficiencies in risk management procedures and violation of the procedure for informing the specially authorized body about transactions of customers with frozen assets. In addition, the bank received a written warning for shortcomings in fixing events in the automation system.
As reported by the National Bank, Ukrsibbank must pay UAH 11.0 million for improper customer due diligence and shortcomings in risk-oriented approach, as well as UAH 0.5 million for violation of requirements for notification of the specially authorized body on threshold financial transactions. At the same time, the bank received a written warning for shortcomings in the development of internal documents on AML/CFT issues.
RVS Bank, which the National Bank this week recognized as insolvent, was fined UAH 3.8 mln for violation of risk-oriented approach requirements.
Cominbank was fined UAH 1.1 mln for untimely notification of threshold financial transactions and improper establishment of high risk level in relation to clients.
Idea Bank has to pay UAH 0.5 million fine for untimely execution of the decision on suspension of operations and untimely notification of the specially authorized body about the balance of funds on the client’s account.
In addition to banks, the penalties were also applied to four non-banking financial institutions.
NovaPay Credit LLC from NovaPay Group was fined UAH 255 thousand for improper customer verification and deficiencies in risk-oriented approach. At the same time, the company received a written warning for shortcomings in the development of internal documents on AML/CFT issues.
LLC “FC ”Mustang Finance”, which the National Bank in early November revoked the license, was fined for UAH 731 thousand for shortcomings in internal documents on AML/CFT issues, failure to provide reliable information on the requests of the NBU and violation of the procedure for the formation of statistical reporting.
LLC FC Abecor should pay UAH 595 thousand for improper risk management, violation of requirements for identification and verification of clients, monitoring of financial transactions and submission of reliable information to the regulator.
Alliance Capital Group FC LLC must pay a UAH 17 thousand fine for making material errors in statistical reporting on currency transactions.
