Business news from Ukraine

Business news from Ukraine

Non-banking financial services market in Ukraine decreased by 53 companies in February

The number of participants of the non-banking financial market in February 2023 decreased by 53 to 1384, according to the website of the National Bank of Ukraine.
The number of banks in February remained unchanged at 67.
The register includes one insurer with a special status. At the same time, 13 financial companies, one insurer, two pawnshops, one credit union, one leasing company and three insurance brokers have been excluded from the register voluntarily, and the other 30 financial companies, one pawnshop and one leasing company – voluntarily.
As of February 28, the non-banking market had 115 non-life insurers (116 in January) and 12 life insurers (the number has not changed), one insurer with special status, 176 pawnshops (179), 159 credit unions (16), 95 leasing companies (97), 701 financial companies (744), 58 insurance brokers (61) and 67 collection companies (the number has not changed).
In addition, 25 banking groups (number has not changed) and 22 non-banking financial groups (23) are recognized as operating in the market.
In the payment market operate 37 payment systems (38), created by residents, including state, and 16 international payment systems, created by non-residents (the number has not changed). In addition, companies providing financial payment services operate in the market, including three banks issuing electronic money (the number did not change). Other entities operating in the payment market include 41 commercial agents (40) and 35 technological operators of payment services (the number has not changed).
In February, the National Bank received 345 requests from market participants for registration and licensing actions. The number of inquiries on financial companies, pawnshops and lessors amounted to 160. The number of inquiries on credit institutions (banks and credit unions) – 89, insurers – 74, payment institutions – 22.