By KYIV. Nov 29 (Interfax-Ukraine) – Ukr Credit Finance LLC (TM CreditKasa), specializing in microloans, according to the results of January-September 2023, became the largest financial company in Ukraine in terms of revenue – UAH 2.067 billion, according to data from the National Bank of Ukraine (NBU).
At the same time, according to the NBU, at the end of the half-year, Ukr Credit Finance took second place with UAH 1.159 billion, and the leader was Finod LLC with UAH 2.115 billion in revenue, specializing in currency exchange.
However, in August, Finod lost all licenses by decision of the National Bank due to failure to take measures to eliminate the violation.
The next three companies based on the results of the first nine months of operation this year were microloan-providing 1 Safety Agency Should Credits LLC (TM MyCredit), E Groshi Com financial company and Miloan LLC, whose revenue reached UAH 1.654 billion and UAH 1.038 billion.
At the same time, 1 Safety Agency Should Credits increased revenue by almost 1.8 times by the results of the first half of 2023, strengthening its position, while E Groshi Com increased by almost 1.9 times, and Miloan LLC by 1.7 times.
E Groshi Com among the top ten market leaders has the lowest labor costs – only UAH 10.77 million.
Following with fairly similar revenue figures – from UAH 859.11 million to UAH 1.019 billion – are four more companies operating in the microcredit market, as well as the exchanger and lessor Valta Group financial company and the network of payment terminals Kontraktovy Dim financial company (TM Easypay).
In particular, it is about Aventus Ukraine (TM CreditPlus), Moneyveo Quick Financial Assistance LLC (Moneyveo), Lineura Ukraine (TM Credit7), and Consumer Center (TM ShvydkoGroshi).
It is noteworthy that the Consumer Center, which rounds out the top ten, reported the highest salary expenses among its competitors – UAH 120.98 million.
The state-owned PrJSC Ukrfinzhytlo remained the largest in terms of assets and profit, as in the first half of the year. The company at the end of last year was capitalized through government bonds. Its assets and profit reached UAH 59.883 billion and UAH 5.931 billion, respectively.
