"As of the beginning of October, there were 289 credit unions in Ukraine. The number of their members is about 400,000, and the population coverage index by services of these financial institutions was 1.45% last year," Shevchenko wrote on Facebook, Ukrinform reports.
At the same time he noted that, unfortunately, there are many problems in this market in Ukraine.
"The National Bank is working to resolve every issue that slows down the development of the industry. In particular, together with the Verkhovna Rada of Ukraine, the regulator has developed the relevant bill ‘On Credit Unions’ (5125). After parliamentarians approve it at second reading, significant changes will begin on the market,” Shevchenko noted.
As Ukrinform reported, on July 1, 2020, the National Bank became a regulator of the nonbank financial services market.
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