NBU restricts two credit unions from providing certain types of financial services until end of 2025
The National Bank of Ukraine (NBU) has decided to apply measures of influence to the credit unions "Svit" and "Zakhyst" due to their non-compliance with prudential standards.
As reported on the NBU website, the measures of influence were applied in the form of a restriction until December 31, 2025 of a certain type of financial service provided by a credit union on the basis of a standard license, namely the provision of funds and bank metals on credit to credit union members. Namely, the conclusion of new, extension, and amendments to existing credit agreements, as a result of which the amount of obligations of a member, group of members of a credit union or another credit union to the credit union will exceed 15% of the credit union's regulatory capital.
Such decisions were adopted by the Committee on Supervision and Regulation of Non-Banking Financial Services Markets on June 30, 2025.
Advertising
Advertising
MORE ABOUT
Some $22 bln confirmed out of $35 bln external financing needs - Pyshnyy
17:34, 24.07.2025
NBU worsens inflation forecast in Ukraine to 9.7% in 2025, 6.6% in 2026
14:48, 24.07.2025
Bankers expect NBU to maintain discount rate at 15.5% – survey
20:28, 23.07.2025
National Bank publishes mortgage lending development strategy
11:57, 18.07.2025
Ukraine's intl reserves up 1.2% in June, euro share rises to 13.9% – National Bank
14:42, 07.07.2025
LATEST
Ukraine Facility tranche will be cut as Kyiv implements 13 reforms out of 16 – EC spokesperson
19:02, 25.07.2025
Kyiv's Zhytniy Rynok to gain newly discovered monument status within month, then matter to be up to Culture Ministry – administration
20:47, 24.07.2025
Agribusiness urges president to veto bill on export duty on soybeans, rapeseed; return it for revision
19:32, 24.07.2025
IMF recalls critical importance of anti-corruption infrastructure, announces discussion on Ukraine's financial needs
18:37, 24.07.2025
Ukraine ready to open regional logistics headquarters in Egypt