During November, the National Bank received 567 inquiries from non-bank financial institutions. The largest number of inquiries concerned financial companies, pawnshops and lessors – 470. The number of inquiries concerning credit unions was 21 and insurers – 76.
In November, the largest number of financial services market participants applied to the National Bank for license revocation (34 companies’ licenses were revoked) and exclusions from the registers (10 companies were excluded from the registers).
Decisions on licensing and registration have been made
As of November 30, the National Bank decided to:
- approval of acquisition of significant participation in banks [1], non-banking institutions [10];
- approval of bank managers [12];
- issuing licenses to financial companies [7];
- revocation of all licenses [11] (at the initiative of the applicant) and [0] (compulsory);
- revocation of part of the existing licenses [23] (at the initiative of the applicant) and [1] (compulsory);
- inclusion in the State Tax Service [2];
- inclusion in the register of lessors [0];
- inclusion in the register of brokers [0];
- exclusion from the State Tax Service [9], from the register of lessors [1] (at the initiative of the applicant) and [0] (compulsorily);
- registration of the rules of voluntary insurance in the new edition or changes to them [1].
In November, the first decision was made in five months to forcibly revoke the license to conduct foreign exchange transactions in PJSC “Agency for refinancing of housing loans.” The reason was non-compliance with the requirements of the National Bank regarding the amount of equity in the amount of UAH 100 million. At the same time, the shareholders of this institution did not confirm their readiness to increase its capital to the established minimum. Revocation of this license does not affect the possibility of further implementation of PJSC “Agency for refinancing of housing loans” of its main statutory activities, including the provision of financial loans from its own funds and funds received from the placement of mortgage bonds in national currency. The company’s license to provide loans in hryvnia remains valid.
Financial market of Ukraine in figures
As of November 30, 2020, there are 74 banks and 2,071 participants in the non-banking financial services markets in Ukraine.
In November, the number of operating banks did not change, the number of non-banking market participants decreased from 2079 to 2071. Currently, the non-banking market consists of 191 risky (non-life) (there were 194) and 20 life (life insurance) insurers, 302 (there were 303) pawnshops, 322 (there were 324) credit unions, 146 (there were 147) leasing companies, 1025 (there were 1026) financial companies, 65 insurance brokers. There are 36 payment systems created by residents and 13 international payment systems created by non-residents in the payment market.
In November, two credit unions (KS Skarbnytsia Natsiya and KS Dovira) left the market on their own initiative and were expelled from the State Financial Fund. “First Leasing Company”), three risk insurers (PJSC “IC” VP “, STZDV” West-Reserve “, JSC” Guarantor-System “) and three financial companies (LLC” Financial and Credit Institution “, LLC FC Dinero and Ukrpozika LLC).
At the same time, two new financial companies were registered (Cash Loans LLC and FC Money Money LLC) and new licenses were issued to seven participants in the financial services market (seven licenses to provide insurance services to PJSC Prestige Insurance Company, a license to provision of financial leasing services to Import Cars Leasing LLC, license to provide financial leasing services to Lead Leasing LLC, license to provide funds on loan, including on the terms of a financial loan from FC Superium LLC, license to provide funds on loan, including on the terms of a financial loan, provision of financial leasing services to FC Tiger Finance LLC, licenses to provide funds on loan, including on the terms of a financial loan, provision of financial leasing services, provision of services on factoring LLC “Cash Loans”, licenses to lend funds,including on the terms of a financial loan, provision of financial leasing services, provision of factoring services, provision of guarantees to FC Bi. Money ”).
More detailed information can be found in the monthly ” News of licensing and registration of financial institutions “.