Friday, 03 December 2021 05:00 GMT

Around 300 Ukrainian credit unions presently function

(MENAFN) The amount of Ukrainian credit unions hit 289 as of the start of the current month 2021, as mentioned the Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko.

Shevchenko posted on Facebook, and Ukrinform reported: "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 percent last year."

Simultaneously, he informed that there are multiple issues in the industry in Ukraine.

Shevchenko stated that "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.”

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