The National Bank of Ukraine (NBU) has imposed a penalty of UAH 1.7 million on JSC “Ukrposhta” for violating the laws governing activities in the payment market, the regulator announced.
It is noted that the relevant decision was adopted on May 18, 2026, by the Committee on Banking Supervision and Regulation, and Oversight of Payment Infrastructure.
The fine was imposed due to the company’s failure, as a provider of financial payment services, to fulfill its obligation to ensure the proper functioning of its corporate governance system, internal control system, and risk management system.
The violation was identified based on the results of an off-site supervision and inspection of the national postal operator conducted on November 1, 2025.
“Ukrposhta” is required to pay the fine within five business days of receiving the committee’s decision.
As previously reported, in March 2026, “Ukrposhta” paid a fine of 255,000 UAH imposed by the NBU for failing to submit the requested information within the established deadlines, while also announcing its intention to challenge the regulator’s decision in court.
In December 2025, the National Bank also issued a written warning to Ukrposhta for violating legal requirements in the payment market, specifically regarding payment services, management systems, and the submission of statistical reports, as determined by the results of off-site supervision.
Ukrposhta reported a net loss of UAH 204.8 million for the first quarter of 2026, which is UAH 1.1 million, or 0.5%, more than in the same period of 2025, but 40% less than projected in the plan. The company’s revenue for this period decreased by 0.1%, or UAH 5 million, to UAH 3.34 billion, which is 2% less than planned.
The National Bank of Ukraine (NBU) revoked the operating license of the financial company Vostok Finance LLC and imposed sanctions on Profit Finance LLC, Forward Finance FC LLC, and Growey FC LLC.
According to information on the regulator’s website, Vostok Finance LLC lost its license for factoring and providing funds and bank metals on credit after effectively preventing the regulator from conducting an unscheduled inspection.
In February and March, the National Bank took steps to conduct an inspection of the company; however, the inspection team was not provided with documents or information regarding the subject of the inspection, which made it impossible to carry out the inspection.
As of May 11, 2026, the company is prohibited from providing financial services, entering into new contracts, extending existing ones, or increasing obligations under them; however, the revocation of the license does not exempt it from fulfilling existing contracts.
The basis for imposing this enforcement measure on Profit Finance LLC was the company’s failure to provide, within the established deadlines, information, explanations, documents, or copies thereof at the request of the National Bank.
The company must remedy the violations and bring its activities into compliance with the law by June 2, 2026.
According to the regulator, LLC “FC Forward Finance” and LLC “FC Growway” violated the requirements regarding confirmation of the sources of the increase in authorized capital, as a result of which their activities did not meet the requirements for the provision of financial services.
In this regard, the central bank ordered the companies to rectify the violations and bring their operations into compliance with the law by June 8, 2026.
The decision regarding all four companies was adopted by the Committee on Supervision and Regulation of Non-Bank Financial Services Markets on May 11, 2026.
According to preliminary data, Ukraine’s international reserves decreased by $3.79 billion, or 7.3%, in April and stood at $48.22 billion as of May 1, 2026, the National Bank of Ukraine (NBU) reported on Thursday.
“This trend was driven by the fact that the National Bank’s foreign exchange interventions and the country’s foreign currency debt payments exceeded proceeds from the placement of foreign currency government bonds and from international partners,” the regulator noted on its website.
According to the published data, net international reserves in April decreased by $3.71 billion, or 10.0%, compared to March, to $33.47 billion.
It is noted that the share of U.S. dollar-denominated assets in international reserves as of April 1, 2026, rose to 71.0% from 70.4% at the beginning of March, while the share of euro-denominated assets fell to 19.4% from 20.3%. A year ago, the share of dollar-denominated assets in reserves was 82.9%, and that of euro-denominated assets was 10.0%.
The share of gold in international reserves as of early May was 8.3%, compared to 7.7% a month earlier and 6.2% a year earlier.
As of May 1, 2026, securities accounted for 59.5% of the international reserves, cash, funds in correspondent accounts, and deposits for 32.2%, and monetary gold for 8.3%, while a month earlier these shares stood at 55.4%, 36.8%, and 7.7%, respectively, and a year ago at 60.0%, 33.7%, and 6.2%.
As noted in the report, $377.9 million was received in the government’s foreign currency accounts at the National Bank in April, including $339.4 million from the placement of foreign currency government bonds and $38.5 million through World Bank accounts.
In addition, Ukraine received a $1.01 billion loan under an agreement with the United Kingdom within the framework of the Extraordinary Revenue Acceleration for Ukraine (ERA) mechanism; however, these funds were not credited to Ukraine’s international reserves due to their restricted purpose.
At the same time, the Ukrainian government paid $716.6 million for servicing and repaying foreign-currency government debt, including $433.7 million for servicing and repaying foreign-currency government bonds, $186.7 million for servicing and repaying debt to the World Bank, $73.4 million for servicing and repaying debt to the EU, and $22.8 million for debt to other creditors.
In addition, Ukraine paid $255.3 million to the International Monetary Fund.
On Ukraine’s foreign exchange market, the National Bank sold nearly $3.58 billion in April, which is $1.18 billion less than in March.
The revaluation of financial instruments in April increased the value of reserves by $378.0 million.
“The current level of international reserves provides financing for 4.9 months of future imports,” the National Bank added.
As reported in the regulator’s April macroeconomic forecast, the forecast for international reserves in 2026 remained virtually unchanged—$64.8 billion versus $65.0 billion in the January forecast.
At the same time, for 2027, the National Bank lowered its forecast for reserves to $66.5 billion from $72.9 billion, which is $6.4 billion, or 8.8%, less than the January estimate, and for 2028—to $61.1 billion from $70.6 billion, which is $9.5 billion, or 13.5%, less.
The National Bank of Ukraine (NBU) has put into circulation a commemorative coin titled “Easter Joy: Pysanka,” dedicated to the traditions of Polissya egg painting, the regulator announced on its website.
“The coin’s design reflects the distinctive traditions of one of the oldest ethnographic regions—Polissya. Each element of the ornament has deep symbolic meaning: the sun and star embody life-giving energy, the waves symbolize water and fertility, and the spirals signify infinity,” the description notes.
According to the central bank, the 10-hryvnia silver coin is shaped like an ovoid. Its reverse is decorated with the “ruza” (star) ornament, characteristic of the Chernihiv region. The obverse is divided into four sectors, each representing the pysanka traditions of individual regions—Rivne, Volyn, Zhytomyr, and Kyiv.
The coin is made of 999-fine silver, with a precious metal weight of 31.1 g. The minting quality category is “special uncirculated.” The project’s artist was Oleksandra Kuchynska.
The mintage is limited to 7,500 pieces.
The price of the coin during the last sale in the NBU’s online store was 8,832 UAH. As of April 9, the entire mintage allocated for online sales has already been completely sold out.
The commemorative coin is part of the “Ukrainian Heritage” series.
The “Ukrainian Heritage” series of commemorative coins was established by the National Bank of Ukraine in 2005. It is dedicated to architectural landmarks, folk crafts, and traditions. As of April 2026, the series comprises 45 coins made of precious and non-precious metals. The coins in the series have a limited mintage and are in high demand among collectors.
COIN, Easter joy, NBU, Pysanka
Based on the results of non-resident supervision of the non-bank financial services market, the National Bank of Ukraine imposed sanctions on five insurance companies for violating regulatory requirements.
According to the NBU website, the measures were applied to: Busin Insurance Company, ASKO DS Insurance Company, Insurance Guarantees of Ukraine, Colonne Ukraine Insurance Company, and Suzirya Insurance Company.
According to the information, Busin Insurance Company was fined UAH 259,410 thousand, ASKO DS Insurance Company, Insurance Guarantees of Ukraine, Colonneed Ukraine Insurance Company, and Suzyria Insurance Company were each fined UAH 129,705 for submitting regulatory reports containing inaccurate data to the National Bank.
All of the above insurers are required to pay the fines within one month from the date these decisions come into force.
Insurance company Busin was registered in February 1993. It specializes in risk insurance. It is a member of a number of professional and industry associations, including the League of Insurance Organizations of Ukraine, the Insurance Payments Club, the International Association of Aviation Insurers (UA), the Nuclear Insurance Pool, the American Chamber of Commerce in Ukraine, and the British Business Club.
ASKO DS Insurance Company was registered in November 1991. Since 1994, it has been a member of the Motor (Transport) Insurance Bureau of Ukraine, and since 2015, a member of the Insurance Business Association.
Insurance Guarantees of Ukraine was registered in November 2005. It has licenses to carry out 15 types of insurance activities: four for compulsory insurance and 11 for voluntary insurance.
SK Kolonney Ukraine (until 2016 – PJSC II QBE Ukraine) was founded in 1998 as the first international insurer on the Ukrainian market.
SK “Suzirya” has been operating in the Ukrainian insurance market since 1994. It is a permanent member of the League of Insurance Organizations of Ukraine and a member of the Ukrainian Union of Industrialists and Entrepreneurs.
In February, the National Bank of Ukraine (NBU) reduced its interventions in the interbank market by $547.6 million, or 15.5%, to $2 billion 990.5 million, while the official hryvnia-dollar exchange rate fell by 0.8%, or 36 kopecks.
At the same time, in the last week of February, the National Bank increased its sales of dollars on the interbank market by $148.3 million, or 22.4%, to $809.5 million compared to the previous week, while the hryvnia strengthened by almost 0.2%, or 7 kopecks.
According to data from the National Bank, during the first four days of last week, the average daily negative balance of currency purchases and sales by legal entities increased to $117.9 million from $79.3 million during the same period a week earlier, totaling $471.4 million.
On the currency exchange market for the population, the negative balance for Saturday-Thursday also increased to $17.3 million from $16.4 million the week before, with non-cash currency sales exceeding purchases every day.
The official hryvnia-to-dollar exchange rate, which started last week at 43.2747 UAH/$1, ended the week stronger at 43.2081 UAH/$1.
The dollar exchange rate on the cash market also did not change significantly last week: as of February 26, the purchase rate was around 42.92 UAH/$1, and the sale rate was around 43.30 UAH/$1.
Analysts at KYT Group, a major player in the cash currency exchange market (Liberty Finance LLC), note that at the end of February, the spread between the buying and selling rates at bank cash desks and exchange offices is gradually narrowing and stands at around 0.4–0.5 UAH/$.
In their opinion, at the end of February, currency fluctuations were influenced not only by official reports on the labor market and inflation in the US and market expectations of the March 17-18 decision on the key rate, but also by US President Donald Trump’s speech to Congress on February 24: he praised his economic achievements and criticized the Supreme Court for its decision against his tariff policy, calling tariff decisions a key driver of the “economic turnaround.”
“In general, analysts do not expect the dollar to fall sharply in the near future, as the latest statistics indicate good economic prospects, and the majority forecast of an unchanged rate in March should support the dollar’s position,” the company believes.
In the domestic context, KYT Group draws attention to the gradual devaluation of the hryvnia throughout February and the role of the NBU, which maintains the balance of supply and demand through regular interventions, as well as news about international support for Ukraine and risks related to the energy sector.
According to their forecasts, in the short term (1–2 weeks), the base range of the dollar exchange rate will be 43.3–43.8 UAH/$1, with a probable tendency towards 43.5–43.6 UAH/$1, in the medium term (2–3 months) – 43.60–44.60 UAH/$1, and in the long term (6+ months) the devaluation trend will continue with a benchmark of 43.6–45.05 UAH/$1.
