Licensing Department

Director: Daria Sofina


Tel.: +380 44 521 89 17
e-mail: [email protected]

Main Functions

Ensuring the NBU function pertaining to registration and licensing of banks, non-bank financial institutions, and other entities, performing licensing, approval, and registration activities in the payment market, development and implementation of sanctions policy, monitoring of sanctions effectiveness, NBU sanctions compliance, and monitoring of persons associated with banks and non-bank financial institutions, including the following:

  • approval of banks’ charters and amendments thereto related to the change of the amount of the authorized capital, licensing of banking activities, performing approval actions regarding top managers, certain categories of bank employees, key persons, and owners of banks, individuals and legal persons that have or intend to acquire a qualifying holding in banks, assessment of banks’ ownership structures, maintaining the State Register of Banks
  • authorizing the establishing of subsidiary banks, bank branches and representative offices in other countries
  • accreditation of foreign banks’ branches and representative offices in Ukraine
  • authorizing the activities on financial services provision, including issuance and change of type/scope of licenses for performing insurance activities, operation of credit unions, financial companies, pawnshops, performing foreign exchange transactions in terms of trading in currency valuables in cash, performing approval actions regarding top managers and key persons of financial services providers, assessment of the ownership structure of financial services providers
  • maintaining the State Register of Financial Institutions, Payment Infrastructure Register, and, in the cases established in regulations, other registers/lists of entities subject to state regulation and supervision by the NBU
  • registering debt collection agencies
  • issuing licenses to conduct foreign exchange transactions for non-bank institutions
  • authorizing the activities of financial payment services providers, limited payment services providers in the payment market, performing other licensing, approval, and registration activities for the participants of the payment market, their top managers, owners, regarding their ownership structures
  • authorizing the entities eligible to conduct actuarial activities in the insurance sector and entities eligible to perform duties of a responsible actuary
  • issuing licenses to legal persons to conduct cash transactions and changing the volume thereof
  • authorization (registration) of insurance intermediaries
  • within the Licensing Department’s remit, ensuring the implementation and monitoring of sanctions effectiveness in accordance with Ukrainian laws
  • ensuring the implementation of the sanctions compliance at the NBU
  • preparing proposals on the application, revocation, and amendment of sanctions to protect the national interests, national security, sovereignty, and territorial integrity of Ukraine, to counteract terrorist activity, as well as to prevent and remedy violations of the rights, freedoms, and legitimate interests of Ukrainian citizens, society, and the state
  • reviewing proposals from central executive bodies, law enforcement agencies, and other state bodies regarding the application, cancellation, and amendment of sanctions
  • organization of measures for banks’ disclosure of information on customers' ties with the state conducting armed aggression against Ukraine
  • identifying, in the course of supervising banks and non-bank financial institutions, attributes of relatedness and grounds for identifying persons as related to banks and/or non-bank financial institutions in accordance with Ukrainian laws
  • monitoring the compliance by banks and non-bank financial institutions with the requirements of Ukrainian laws on the identification of related parties, controlling the transactions of banks and non-bank financial institutions with their related parties.