The number of non-bank market participants decreased in August.
In August 2021, 8 new companies entered the nonbank financial services market in Ukraine, while 13 left. The number of nonbank financial market participants decreased from 1,938 (as of July 31) to 1,933 (as of August 31). The number of banks decreased from 73 to 72. The non-bank financial market consisted of 153 risk insurance companies (160 before) and 17 life insurance companies, 286 pawnshops (287 before), 301 credit unions (303 before), 138 leasing companies (137 before), 977 financial companies (973 before), and 61 insurance brokers. On July 1, 2020, the National Bank became the regulator of insurance, leasing, financial companies, credit unions, pawnshops, and credit bureaus.