The National Bank of Ukraine has suspended, until August 17, 2027, “Profit Finance” LLC’s operations involving the provision of funds to other parties under the terms of a repayable financial assistance agreement.
This enforcement measure was imposed following an on-site inspection.
According to the NBU, the company’s activities included transactions that the regulator classified as risky activities threatening the interests of clients or creditors. In particular, the National Bank identified transactions that lacked economic justification.
This does not involve the revocation of the company’s license as a whole, but rather a temporary ban on a specific type of transaction—providing funds to third parties under the terms of a repayable financial assistance agreement.
The decision was adopted on August 17, 2026, by the NBU’s Committee on Supervision and Regulation of Non-Bank Financial Services Markets.
The National Bank of Ukraine fined FC “Finstyle” LLC 182,810 UAH and issued the company a written warning due to violations and shortcomings in its reporting.
According to the regulator, the company violated the requirements for the preparation and submission of financial statements. The NBU also identified a lack of necessary automation in record-keeping and deficiencies in the system for verifying the completeness and accuracy of reported data.
“Finstyle” must pay the fine within one month from the date the decision takes effect and must remedy the violations and deficiencies listed in the NBU’s written warning by September 8, 2026.
The decision to impose these measures was adopted by the Committee on Supervision and Regulation of Non-Bank Financial Services Markets on August 17.
The National Bank of Ukraine revoked LLC “FC ”Growway”’s license to operate as a financial company and simultaneously fined it 216,180 UAH.
According to the NBU, the fine was imposed for violations of the laws governing the activities of financial companies, as well as requirements related to corporate governance and internal control.
In a separate decision, the regulator revoked the company’s license due to its failure to comply with the NBU’s requirement dated July 6, 2026. The company was required to rectify a violation related to its failure to submit, within the established deadline, a report providing assurance regarding the annual financial statements for 2025.
The company must pay a fine of 216,180 UAH within one month after the decision takes effect.
“Growway” had previously been subject to enforcement measures by the NBU. In 2024, the regulator reported that the company had failed to submit, within the prescribed time limit, a similar assurance report regarding the annual financial statements for 2023.
In addition, the NBU included Financial Company “Growway” in its inspection plan for non-bank financial institutions for the third quarter of 2026.
The National Bank of Ukraine took enforcement measures against FC “Atlana” LLC, imposing a fine of 198,880 UAH on the financial company and issuing it a written warning.
As the NBU reported on August 20, the regulator identified violations of legislation governing the provision of financial services, as well as shortcomings related to the timely and complete submission of information, explanations, and documents to the National Bank.
The company must pay the fine within one month after the decision takes effect. Atlana must rectify the identified violations and deficiencies by September 8, 2026.
The decision was adopted by the NBU’s Committee on Supervision and Regulation of Non-Bank Financial Services Markets on August 17, 2026.
This is not the first enforcement action taken by the NBU against the company. In November 2025, the regulator fined FC “Atlana” 595,000 UAH for a series of violations of anti-money laundering legislation, specifically for deficiencies in risk assessment and customer due diligence.
Ukrainian banks earned UAH 54.07 billion in net profit in the first half of 2026, while their pre-tax profit reached UAH 108.57 billion, the Experts Club information and analytical center reports, based on Opendatabot calculations and data from the National Bank of Ukraine. The material was published on August 19, 2026.
Banks’ income tax expenses amounted to UAH 54.5 billion, thereby exceeding half of the financial result earned before taxation. During the same period last year, banks accrued UAH 21.99 billion in tax.
In its review of the results of solvent banks, the National Bank also reported that the sector’s net profit in the first half of the year amounted to about UAH 54 billion and was 32% lower year-on-year. One of the main reasons was the application of an increased 50% corporate income tax rate for banks in 2026.
At the same time, the banking sector’s operating profitability remains high. According to the NBU, the pre-tax profit of solvent banks in the first half of the year increased by 6.5% compared with the corresponding period of 2025.
In 2025, banks paid corporate income tax at the standard sector rate of 25%, but in 2026 the rate was raised again to 50%. The NBU has repeatedly warned that increased taxation reduces banks’ ability to build up capital and expand lending to the economy.
The primary sources are NBU data and the Opendatabot study dated August 19, 2026.
Insurance Company “Veles” (Odesa) plans to change its name to PJSC “Veles” and update its business activities, according to information submitted by the insurer to the disclosure system of the National Securities and Stock Market Commission (NSSMC).
According to the information, the company’s shareholders plan to consider this matter at a meeting on September 15, 2026.
The company plans to remove the following from the list of economic activities it is authorized to conduct: insurance, risk assessment, and other auxiliary activities in the field of insurance and pension provision. And to include, in particular, consulting on commercial activities and management; brokerage services in the trade of timber, construction materials, and plumbing
fixtures; brokerage services in the trade of furniture, household goods, iron and other metal products; the leasing and operation of owned or leased real estate; legal services; the activities of head offices; and consulting on commercial activities and management.
As previously reported, the National Bank of Ukraine, by a decision dated July 29, 2026, revoked the company’s license to conduct insurance activities and removed it from the State Register of Financial Institutions based on a submitted application.
Insurance Company “Veles” holds a 0.01% market share in terms of insurance premiums and technical reserves.
It was previously reported that on May 14, 2026, the general meeting of shareholders of PJSC Insurance Company “Veles” approved a resolution on the company’s exit from the market and an exit plan.
According to the company’s financial statements, for the first three months of 2026, insurance premiums totaled 1.790 million UAH, technical reserves amounted to 4.501 million UAH, and no insurance claims were paid.
Insurance Company “Veles” has been operating in the market since 1998. It is a member of the “Insurance Business” association. Its authorized capital was 39 million UAH.
