Business news from Ukraine

NUMBER OF CREDIT UNIONS IN UKRAINE DECREASES TO 375 COMPANIES

The number of credit unions in the public register of financial institutions of Ukraine decreased by 16.5%, or 74 institutions, in Q1 2018 year-over-year, to 375, according to the website of the National Commission for State Regulation of Financial Services Markets. According to the regulator, the largest number of credit unions was registered in Kyiv city and region (40, or 10.7% of the total number), Luhansk region (33, or 8.8%), Donetsk region (29, or 7.7%), and Kharkiv region (23, or 6.1%).
According to the regulator, in Q1 2018, the number of participants in credit unions shrank by 11.5%, to 566,200, the number of participants with current loan agreements by 10.9%, to 131,800, while the number of members with contributions on deposit accounts by 6.5%, to 21,600.
The leaders in terms of the number of participants in credit unions are Lviv region (76,000), Kyiv city and region (56,400), Ivano-Frankivsk region (60,200) and Zakarpattia region (45,800). At the same time, as before, most credit unions (155, or 55.9%) have a small number of participants – up to 1,000, and more than a third of credit unions (111, or 40.7%) have 1,000 to 10,000 participants.
The total volume of loans granted to members of credit unions as of December 31, 2018 reached UAH 2.223 billion (7% up), whereas contributions of members of credit unions on deposit accounts amounted to UAH 984 million (up 14.7%).
The total amount of debt on loans is UAH 369.2 million (1.6% down).

NUMBER OF CREDIT UNIONS IN UKRAINE SHRINKS TO 378

The number of credit unions in the state register of financial institutions of Ukraine decreased by 18.2%, or 84 institutions, in 2017 year-over-year, to 378, according to the website of the National Commission for State Regulation of Financial Services Markets. According to the regulator, the largest number of credit unions was registered in Kyiv and the Kyiv region (39, or 10.3% of the total number), Luhansk region (33, or 9%), Donetsk region (29, or 7.7%), and Kharkiv region (24, or 6.3%).
According to the regulator, last year, the number of participants in credit unions shrank by 12.3%, to 564,100, the number of participants with current loan agreements by 9.6%, to 134,300, while the number of members with contributions on deposit accounts by 47.2%, to 21,700.
The leaders in terms of the number of participants in credit unions are Lviv region (75,900), Kyiv and the Kyiv region (52,800), Ivano-Frankivsk region (54,700) and Zakarpattia region (46,100). At the same time, as before, most credit unions (155, or 55.8%) are united by a small number of participants – up to 1,000, and more than a third of credit unions (111, or 39.9%) are united by 1,000 to 10,000 participants.
The total volume of loans granted to members of credit unions as of December 31, 2017 reached UAH 1.902 billion (up 5.7%), whereas contributions of members of credit unions on deposit accounts amounted to UAH 937 million (up 12.6%). The total amount of debt on loans is UAH 345.8 million (down 6.2%).