Review of the non-bank financial sector
In the fresh review of the non-bank financial sector, we discuss which trends are the most relevant.
In short:
- The volume of assets of insurers and pawnshops continued to grow in Q3, while the volume of financial companies stabilized after falling in the previous quarter.
- Credit unions increased the volume of consumer loans. There was a noticeable increase in lending, factoring, and leasing volumes.
- The decline in the number of non-bank financial service providers slowed down, and the total volume of assets increased compared to the previous quarter. However, the share of NBFIs under the supervision of the NBU in the financial sector's assets remained historically the lowest at 8.9%.
Starting from January 2026, insurers will form technical reserves according to an updated methodology, while financial companies will adhere to revised prudential requirements. Significant companies, the list of which will be published by February 2026, will also meet additional requirements and will have a transitional period until July for this purpose.
Detailed review is available via the link in the comment.
This review of the non-bank financial sector highlights several key trends and the prospects for the development of this industry. Changes in regulation and requirements for financial institutions will contribute to greater transparency and stability in the sector, which is essential for maintaining consumer and investor trust.