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nid 92777
May 26, 2026
arahman@vixio.com
Ukraine
National Bank of Ukraine (NBU)
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1665 charsUkraine's National Bank Revokes Financial Company Licence for Inspection Refusal
On May 26, 2026, the National Bank of Ukraine (NBU) revoked the financial services licence held by limited liability company "City Fin Alliance" (registration number 42309535). The NBU's Committee on Supervision and Regulation of Non-Bank Financial Services Markets approved the revocation decision on May 25, 2026.
The licence revocation follows the company's refusal to cooperate with a scheduled inspection conducted by the NBU in April 2026. During the inspection attempt, the NBU established that the company failed to provide an authorised representative on the first day of the inspection, preventing the inspection from proceeding. This refusal to permit inspection constitutes grounds for enforcement action under Ukraine's Law on Financial Services and Financial Companies and the NBU's Regulation on Corrective Measures, Early Intervention Measures, and Enforcement Measures in the Non-Bank Financial Services Markets, approved by NBU Board Resolution No. 183 of December 25, 2023.
The revoked licence authorised City Fin Alliance to provide factoring services and credit financing in funds and banking metals. Following licence revocation, the company loses the right to conduct financial services activities. However, the revocation does not release the company from fulfilling its existing contractual obligations to clients regarding previously provided financial services.
Under Article 56 of Ukraine's Law on the National Bank of Ukraine, administrative acts adopted by the NBU take effect upon notification through methods established by Ukraine's Law on Administrative Procedure. The notification date is the date the decision is sent by post.
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747 charsNational Bank of Ukraine Revokes City Fin Alliance's Licence for Inspection Failure
On May 26, 2026, the National Bank of Ukraine (NBU) announced the revocation of City Fin Alliance's licence for the activity of a financial company, particularly the provision of factoring, funds and bank metals on credit.
The NBU attempted to conduct a scheduled inspection but was refused due to the absence of a person authorised to represent the financial company's interests. This made it impossible to conduct the inspection.
Therefore, City Fin violated the Law of Ukraine on Financial Services and Financial Companies and the Regulation on the Application by the NBU of Corrective Measures, Early Intervention Measures and Influence Measures in the Sphere of State Regulation of Activities in the Non-Banking Financial Services Markets .