Ukrainians are increasing their debt – lending increased by 5.3%.

In the second quarter, financial services companies and pawnshops showed an increase in the volume of basic types of services, even against a total reduction of assets by 12.3%.

Credit unions and life insurance providers face several challenges in offering their services. According to the NBU, life insurers’ assets increased by 4%, demonstrating a certain stabilization in this segment. At the same time, risk insurers experienced a 1% reduction in assets due to the exclusion of some companies from the register. Credit unions continue to see their market presence decline. In the second quarter, their assets decreased by 1%, and deposit volume fell by 1%.

Financial companies continue to demonstrate steady growth in consumer lending. The volume of new loans to households increased by 5.3% in the second quarter, although it still does not reach pre-war levels. As well, the decline in new business loans continues, reflecting general economic instability.

Pawn shops are performing well, with their assets and new loans growing, and the segment as a whole posted a quarter-on-quarter profit.