The volume of financial services provided by non-banking institutions decreased.
Wednesday, September 7, 2022

The volume of financial services provided by non-banking institutions decreased.

In the second quarter of 2022, the activity of providers of non-bank financial services continued its downward trend. The volumes of basic financial services decreased, the National Bank reported. Asset volumes decreased in all categories of financial institutions, except for insurers. The share of NBU-controlled non-bank financial institutions in the total assets of the financial sector decreased by 0.4% to 11.8%. At the same time, during the specified period, the number of insurers’ assets increased, despite the decrease in the number of companies. As for credit unions, the volume and number of their assets continued to decrease in the second quarter. Their loan portfolios decreased by 6% due to a sharp reduction in the volume of all financial services.

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