In 2020, financial companies issued loans worth UAH 48 billion to individuals, up by 10% YoY, according to Oleksandr Zaletov, Head of the Financial Companies Supervision Department at the National Bank of Ukraine.
“At present 775 financial companies have a license to issue loans, but only a third of them provide these services to individuals. The total amount of loans issued to individuals in 2020 amounted to UAH 48 billion,” Zaletov said at an online presentation entitled “Microlending in Ukraine: Consumers and Market Practice”.
He noted that last year almost 10 million agreement were signed online, which means that this market would continue to develop in the direction of remote services. (Ukrinform/Business World Magazine)