In January-September, the volume of loans issued by financial companies in Ukraine increased by 15% YoY, to UAH 66 billion, the press service of the National Bank of Ukraine (NBU) reported.
At present 1,414 financial companies, pawnshops and leasing companies operate in Ukraine. During the nine months, only 396 financial companies provided loans, of which 234 provided loans to individuals (85 of these institutions provided loans online). In the third quarter, there was an increase in the number of loans provided by financial companies than in the pre-quarantine first quarter.
The volume of loans issued by financial companies during the nine months increased by 15%. The volume of factoring services rose by 38%, to UAH 63 billion. However, pawnshops and leasing companies reduced financial services by 9% over the reporting period, to UAH 12 billion and UAH 15.6 billion, respectively.
The NBU reported that Ukrainians began to receive loans mostly online, rather than in branches of financial companies. Online loans accounted for almost three quarters of all retail loans during the nine months of 2020: UAH 24.3 billion out of UAH 33.5 billion. In January-September, borrowers mainly took loans from financial companies for up to one month. (Ukrinform/Business World Magazine)
