In September, the number of non-bank financial market participants decreased

In September 2024, the number of participants in the non-banking financial market of Ukraine decreased to 926 companies, which is 20 less compared to 946 participants in August. At the same time, the number of banks remained unchanged and is 62 institutions. This was reported by the press service of the National Bank of Ukraine.

During the update of the registers, one collection company and one credit union were voluntarily excluded. In addition, the National Bank forcibly excluded 16 financial companies, two insurers and one pawnbroker. At the same time, one new collection company was added to the register, which indicates constant changes in the industry.

In terms of licensing, 11 finance companies and one credit union voluntarily canceled all their licenses by submitting relevant applications to the regulator. The National Bank also forcibly revoked the licenses of five financial companies and two insurers. It is important to note that the regulator agreed to reduce the scope of the license for 19 financial companies and two insurers, which demonstrates the adaptation of the market to new conditions.

As of October 1, 2024, the following participants remained in the non-bank financial services market: 509 financial companies (from 525), 64 insurers in the non-life segment (from 66), 11 life insurers (no changes), 113 pawnbrokers (from 114) , 110 credit unions (was 111), one lessor (no change), 42 insurance brokers (no change) and 75 collection companies (no change).

Also, 18 banking groups (no changes) and 30 non-banking financial groups operate on the market, which decreased from 31 in the previous month. This reflects a general trend towards a reduction in the number of participants in the market, although most of the main structures remain stable.

The situation on the payment market has not undergone any changes, where 16 payment systems established by residents, including state ones, and 15 international payment systems established by non-residents operate. In addition, 18 payment institutions, 12 financial institutions providing payment services, 1 electronic money issuing bank, 1 postal operator, 48 commercial agents and 30 technological operators of payment services continue their activities.

In general, although the number of participants in the non-banking financial market has decreased, the main structures in the payment market remain stable, which indicates a certain resilience of the industry in the face of economic challenges.