NBU to conduct on-site monitoring of FUIB and Universal Bank (Monobank) in 2025

The National Bank of Ukraine (NBU) has planned to conduct on-site monitoring of four oversight objects in 2025, including Rinat Akhmetov's bank FUIB and Serhii Tihipko's Universal Bank (under whose license Monobank operates).

This is announced in the bank's statement, Ukrainian News Agency reports.

These are:

LLC TAS LINK (I quarter);

JSC UNIVERSAL BANK (II quarter);

JSC FUIB (III quarter);

LLC FC AP.MI FINANCE (IV quarter).

Compliance with the requirements of the legislation of Ukraine and the sufficiency of measures taken by payment market participants to ensure the continuous, reliable and effective functioning of the payment infrastructure will be checked.

The plan for conducting on-site monitoring has been drawn up and is being published in accordance with the requirements of the Regulation on conducting on-site and non-on-site monitoring of payment infrastructure oversight facilities, approved by the Resolution of the Board of the National Bank of Ukraine dated December 31, 2022 No. 257.

As Ukrainian News Agency earlier reported, the National Bank carries out oversight of the payment infrastructure to ensure its continuous, reliable and effective functioning.

In particular, the oversight includes monitoring the payment infrastructure, assessing its compliance with the requirements of the legislation of Ukraine and international oversight standards, establishing requirements and restrictions on the activities of the payment infrastructure, as well as providing recommendations for improving the activities of the payment infrastructure and/or application of influence measures.

On-site monitoring is a form of oversight by authorized employees of the National Bank, carried out by inspecting the objects of oversight in order to ensure their compliance with the requirements of the legislation of Ukraine and assessing the adequacy of the measures taken by them to ensure the continuous, reliable and effective functioning of the payment infrastructure. On-site monitoring is carried out in the form of scheduled and unscheduled on-site monitoring.