The NBU records a decline in the non-banking market: which segments have shrunk and what it means for the financial sector
11 December 01:55
The National Bank of Ukraine has reported a further reduction in the number of non-bank financial market participants, "Komersant Ukrainian" reports.
In November, there were six fewer of them – a total of 781. The number of licensed banks remains stable at 60.
The regulator publishes such data on a monthly basis, and the trend toward a gradual reduction in the non-banking segment has been going on for a long time. Compared to the previous month, several financial companies, one non-life insurer, and two credit unions have left the market.
Who left the market
As of December 1, 2025, there are:
- 414 financial companies (minus three),
- 48 non-life insurers (minus one),
- 10 life insurers (no changes),
- 102 pawnshops,
- 86 credit unions (minus two),
- 1 lessor,
- 45 insurance brokers,
- 74 collection companies.
The number of banking groups remained stable at 16, while the number of non-banking financial groups decreased by one to 41.
The payment market remained unchanged
There were no significant changes in the payment services segment:
- 15 payment systems operate,
- 16 payment institutions,
- 12 financial institutions authorized to provide payment services,
- 1 bank issuing electronic money,
- 1 postal operator.
Among other market participants, the number of commercial agents increased from 49 to 58. The number of technology operators remained unchanged at 32.
The nonbank financial market continues to cautiously “cleanse” itself of inefficient or inactive participants. The number of companies also decreased in August, when the market shrank from 799 to 791 participants.
Against this backdrop, the NBU is taking tougher measures against the banking sector: in November, the regulator declared RBC Bank insolvent and introduced a temporary administration.
Such processes are typical for periods of regulatory revision and economic turbulence. However, further dynamics will depend on the ability of companies to meet new standards of transparency, capitalization and risk management.
