In the second quarter of 2025, the non-banking financial sector of Ukraine demonstrated positive dynamics in several key areas, despite an overall decline in asset volumes due to the exit of a large state leasing company from the market. Year-on-year, the total assets of non-banking financial service providers increased by 1.8%, indicating a gradual recovery of the sector.
This is reported by Finway
Changes in Assets and Lending
The assets of risk insurance companies increased by 8% compared to the previous quarter and by 26% year-on-year. Life insurers also showed asset growth: up 3% for the quarter and 12% for the year. At the same time, risk insurers were able to improve their profitability levels.
In the credit union sector, the dynamics were opposite: the assets of deposit credit unions decreased, while the assets of “share” credit unions increased, despite a reduction in their number in the market. The volume of new loans in the second quarter of 2025 rose by 11%, and the quality of the loan portfolio remained stable.
Profitability of Financial Companies and Pawnbrokers
The equity of credit unions showed an increase of 11.4% for the quarter and 8.7% year-on-year. Meanwhile, the assets of financial companies decreased by 16.4% compared to the previous quarter, although the volumes of lending and leasing remained on the rise. Profitability in the segment was ensured by 82% of financial institutions, with nearly half of this result coming from the company “Ukrfinzhytlo”.
Pawnbrokers also demonstrated positive dynamics: their assets grew by 1.9% for the quarter and by 15.4% year-on-year. Lending in this segment increased by 16.7%, contributing to the overall profitability of the pawnbroker market.
“The assets of risk insurers increased by 8% compared to the previous quarter and by 26% year-on-year, while life insurers grew by 3% and 12% respectively. Risk insurers increased their profits. The assets of deposit credit unions decreased, while the assets of ‘share’ unions increased, despite a reduction in their number. The volume of new loans increased by 11%, and the volume and quality of the loan portfolio remained stable.”
Thus, in 2025, the non-banking financial sector of Ukraine remains resilient and continues to develop due to growth in certain segments, despite some structural changes in the market.