What happened? The National Bank of Ukraine excluded 24 non-banking financial services market participants from the registers and added one financial company. The number of banks remained unchanged at 67.
Source. Press service of the National Bank.
Details. Voluntarily withdrew from the register 14 financial companies, 1 credit, 1 leasing company and 2 pawnshops. Instead, 3 financial companies, 2 pawnshops, and a credit company were forced to leave the market.
Moreover, in January, the NBU revoked all licences of 38 financial companies, 2 pawnshops, a credit union, and a leasing company (based on their applications). 3 financial companies were forced to leave the market (as a measure of influence).
The number of non-banking financial market participants in January decreased from 1459 (as of December 31, 2022) to 1436 (as of January 31, 2023). As of the end of January, 116 non-life insurers and 12 life insurers were operating in the non-banking market. The number of pawnshops decreased from 183 to 179; the number of credit unions was 162, now 160; the number of leasing companies decreased to 97 (from 98), and financial companies – to 744 (from 760). The number of insurance brokers and collection companies remained unchanged – 61 and 67, respectively.
In January, the licences of 10 financial companies, 2 pawnshops, and 5 leasing companies were renewed. In total, the NBU received 431 requests from market participants for registration and licensing actions last month: 232 were from financial companies, pawnshops, and lessors; 94 were from credit institutions (banks and credit unions); 68 and 37 were from insurers and payment institutions, respectively.