By KYIV. Dec 1 (Interfax-Ukraine) – Most participants in the non-banking financial market of Ukraine in the third quarter of 2022 showed a moderate resumption of activity, although the volume of services is still far from pre-war levels, according to a review of the non-banking financial sector on the website of the National Bank of Ukraine.
In the reporting quarter, insurers increased the amount of assets, insurance premiums and payments. Profit of risk insurers for nine months was a record, largely due to the revaluation of the exchange rate.
Financial companies and pawnshops are still unable to solve operational problems and fully restore activity. In particular, some companies do not submit reports or do not provide them in full. The assets of financial companies remained almost unchanged in the third quarter, despite the closure of a large number of companies.
The NBU also notes an increase in lending to the population by 3.5 times over the reporting period (mainly due to a low comparison base) compared to the second quarter, and the maintenance of lending to enterprises at the previous level.
At the same time, there was a noticeable increase in the volume of operations for the provision of guarantees, which were almost not carried out in the first two quarters of this year. The volume of new factoring and financial leasing operations slightly increased. As before, their main growth factor is lessors, whose share is 99% of the total amount of financial leasing. In the third quarter, leasing agreements were concluded mainly for the purchase of trucks, cars and agricultural machinery. The volume of all services provided remains much lower than in the corresponding period last year.
The NBU notes that despite the slow recovery, financial companies made a profit in the first nine months of 2022.
The volume of new loans issued by pawnshops during the third quarter increased by 53% compared to the second quarter, but was lower by 35% compared to the third quarter of 2021. Interest income increased and made it possible to receive the first profits since the beginning of the current year.
