Ukrainian non-bank financial institutions in the period 2014-2016. Increased their assets from 125 billion to 194.3 billion UAH, which is 15.2% of the assets of the banking system of Ukraine, writes in his article for ZN. UA bank expert Vadim Sirota.

The author notes that non-bank financial institutions whose assets are equivalent to 9% of GDP are now represented by insurance and financial companies, credit institutions, non-government pension funds and other structures.

"Against the background of the decline in the value of bank assets, the above-mentioned non-bank financial institutions for the period 2014-2016. (Actual data for nine months) increased assets from 125 billion to 194.3 billion UAH, which is 15.2% of the assets of the banking system of Ukraine. Despite the decline in 2014-2016 years. The number of insurance and leasing companies, credit unions, pawnshops, there was an increase in a number of financial institutions: "other lending institutions" - from 85 to 130, financial companies - from 377 to 650, "reads the article.

Sirota notes that the sector of non-bank financial institutions, while quite strongly associated with other important segments of the financial market of Ukraine. So, at the beginning of 2017, these institutions invested 8.1 billion UAH in OVDPs, of which 5.1 billion - insurance companies. The latter significantly affect the resource base of banks: "insurers" placed 9 billion UAH on deposits, and on current accounts - 2.3 billion.

According to the expert, the growth of the influence of the non-bank financial sector has several reasons. Thus, the loss of the ability of banks to meet credit needs of clients, as well as the cutting of a number of potential borrowers from the possibility of obtaining a loan (including due to the shadowing of their incomes and the strict requirements of the National Bank for credit risk assessment). Its role in this process is played by the weakness of supervision and regulation of the non-bank financial sector.

Sirota notes that the capital requirements of non-bank creditors are significantly lower than those of banking institutions: for financial companies - at least UAH 3 million (for companies planning to provide two or more types of financial services, at least 5 million); For pawnshops - not less than 500 thousand. (In the case of having isolated units - not less than 1 million).

"If we also take into account the transfer of reputational risks of banks to non-bank creditors that may arise in connection with the work of collectors, it turns out that it is profitable for bankers to take a number of business directions beyond the banking institutions," concludes the expert..

Recall that the assets of working banks in Ukraine, excluding insolvent financial institutions, for February increased by 28.693 billion UAH, or 2.4%, to 1.241 trillion UAH.

For more details on the growth of the influence of the non-banking financial sector in Ukraine, read Vadim Sirota's article "Non-bank Financial Institutions - Shadow Creditors Outside the National Bank's Eye of the Eye" in the weekly Mirror Week. Ukraine".