The National Bank of Ukraine (NBU), based on the companies’ own applications, revoked the operating licenses of Forward Finance LLC, Statuscapital LLC, and Garonna Financial Company LLC and removed them from the State Register of Financial Institutions, the regulator announced on Friday.
The licenses granted the right to provide funds and precious metals on credit, as well as to engage in factoring.
The decision to revoke the licenses and remove the companies from the registry was adopted by the Committee on Supervision and Regulation of Nonbank Financial Services Markets on September 3.
According to the NBU, in the first half of 2026, LLC “FC Forward Finance” earned 518.84 million UAH in revenue from providing financial services and 48.5 thousand UAH in net profit. Statuscapital LLC generated 5.12 million UAH in revenue from financial services and 708,800 UAH in net profit, while
FC “Garonna” LLC ended the first half of the year with a loss of 2.94 million UAH.
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.
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.
The National Bank of Ukraine (NBU) revoked the insurance operating licenses of PJSC “Insurance Company ‘ASKO DS’” (Kyiv) and PJSC “Insurance Company ‘Peremoha’” (Kyiv).
According to the regulator’s website, the reason for this decision regarding ASKO DS was the company’s failure to submit a business recovery plan and a financing plan to the NBU, as revealed by the results of off-site supervision of the company’s activities.
The business recovery plan was intended to ensure the insurer’s financial recovery and compliance with solvency capital requirements within no more than 180 days from the date the violation of such requirements was identified, while the financing plan was to be implemented within no more than 90 days. Failure to fulfill these obligations led to the National Bank’s repeated rejection of the insurer’s business recovery plan and financing plan.
As for IC “Peremoha,” the results of off-site supervision of the company’s activities revealed that the insurer was engaging in risky activities that threatened the interests of its policyholders and/or other creditors.
Evidence of such activities included the omission and misrepresentation in the insurer’s information systems of data contained in contracts and other source documents, on the basis of which reporting data for the relevant reporting period are calculated or generated. The extent of the omissions and distortions exceeded 10% of the reporting data and the data contained in the insurer’s information systems, and more than 20% of the minimum absolute value of the minimum capital.
The decisions to impose sanctions on ASKO-DS Insurance Company and Peremoha Insurance Company take effect on July 24, 2026. As of that date, the companies lose the right to enter into contracts or make changes (such as extending the terms of existing contracts) regarding the provision of insurance services.
ASKO-DS Insurance Company was registered in November 1991. It has been a member of the Motor (Transport) Insurance Bureau of Ukraine since 1994 and a member of the “Insurance Business” Association since 2015.
According to the National Bank of Ukraine (NBU), the company ranks 30th among Ukraine’s non-life insurers in terms of premiums collected in 2025.
As previously reported, ASKO-DS Insurance Company (formerly Mir Insurance Company, Kyiv) was registered in 1992 and specializes in risk insurance.
According to the National Securities and Stock Market Commission (NSSMC), as of the first quarter of 2026, the shareholders of this insurance company were ABC Finance LLC—79.920% of the shares—and Anastasia Kolesnik—9%.
The National Bank of Ukraine has revoked the license of Prosto Leasing LLC to operate as a financial company authorized to engage in financial leasing, according to a statement on the regulator’s website.
The basis for this decision was the second violation within a single year of the mandatory requirement for “Prosto Leasing” to submit to the NBU an assurance report on its annual financial statements (reporting data), namely, a violation of the requirements of the Regulation on the Authorization of Financial Service Providers and the Conditions for Their Operation, approved by NBU Resolution No. 199.
As previously reported, on July 7, 2025, a corrective measure was imposed on the company in the form of a requirement to take steps to eliminate (correct) the violations identified during the supervisory review. The violation was rectified.
In 2026, “Prosto Leasing” committed a repeat violation (its second within a single year): it failed to submit to the National Bank an assurance report on its annual financial statements for 2025.
The decision to impose a corrective measure in the form of license revocation was adopted by the National Bank’s Committee on Supervision and Regulation of Non-Bank Financial Services Markets on July 20, 2026. It takes effect on the date the company is notified of the decision.
Prosto Leasing LLC is a Ukrainian financial company that has been operating in the operating and financial leasing market since August 2021. On February 19, 2024, the National Bank of Ukraine renewed the company’s license to provide financial leasing services and made the corresponding changes to the Register of Financial Institutions.
According to “Serbian Economist”, the Serbian company NIS has been granted another month to operate without restrictions from the U.S. OFAC has extended the company’s special license until July 31, said Serbia’s Minister of Mining and Energy Dubravka Jedović-Khandanović.
The previous license was valid until July 1. For Serbia, this means that the country’s key oil company will continue its normal operations for the time being, including the operation of the refinery in Pančevo and its network of gas stations.
At the same time, negotiations are ongoing between Hungary’s MOL and Gazprom Neft regarding the purchase of a stake in NIS. Earlier reports indicated that the deal involves a 56.15% stake. Additional regulatory approvals are required to finalize the deal, the most important of which remains approval from the U.S. Office of Foreign Assets Control (OFAC).
Serbia and MOL have already signed a shareholders’ agreement regarding the future management of NIS. The potential deal structure may also include the subsequent sale of a minority stake held by ADNOC of the UAE and the possibility for Serbia to increase its stake in the company by 5%.
Currently, Gazprom Neft remains NIS’s largest shareholder with 44.85%, while another 11.3% is held by an entity managed by Gazprom Capital. The Serbian government owns 29.87%.
NIS’s problems arose after the company, as a subsidiary of Gazprom Neft, was added to the U.S. SDN List in early 2025. President Aleksandar Vučić stated at the time that the U.S. was demanding the complete withdrawal of Russian capital from the company.
For Serbia, NIS is not just a major business but a strategic asset. The company is the only one in the country engaged in the exploration and production of hydrocarbons; it owns an oil refinery in Pančevo with a capacity of 4.8 million metric tons per year and dominates the petroleum products market. Its network includes more than 400 gas stations in Serbia and neighboring countries.
The extension of the license until July 31 eliminates the short-term risk to the fuel market, but does not resolve the main issue—who will control NIS after Russian capital withdraws, and under what conditions Serbia will retain influence over the country’s key energy company.
