On February 16, the first meeting of the Consumer Credit Market Association Council was held. The Council is a voluntary platform for non-bank financial companies operating in the consumer credit segment, created to discuss regulatory initiatives, develop ethical standards, and promote a transparent and responsible consumer credit market.
The memorandum on the creation of the Association was signed by 20 institutions, including the Association of Ukrainian Banks and the Ukrainian Association of Fintech and Innovative Companies, on December 16, 2025.
During the meeting, the participants formalized the organizational structure of the Association: they elected a chair and deputies. Oleksandr Kholod, CEO of Shvidkogroshi, was elected chair of the Association. The deputies chair are Volodymyr Dovgal, CEO of Aventus Ukraine, and Andriy Dubas, president of the Association of Ukrainian Banks.
The Council also compiled a list of issues to be discussed with the National Bank of Ukraine. These include harmonization of market approaches, issues related to lending to military personnel and veterans, improvement of the regulatory framework, development of self-regulation, and introduction of transparent rules for financial companies, taking into account European requirements.
The participants agreed to develop internal rules of operation and coordination mechanisms to form a coordinated market position and present it in a consolidated manner on behalf of the Association.
“It is fundamentally important for us to work according to transparent rules and ensure open, professional, and consistent communication both between market participants and with the regulator. Only by joining forces can we effectively represent the interests of the sector,” said Oleksandr Kholod, chairman of the Association.
Separately, representatives of financial companies identified the priority agenda for future meetings and the format for further interaction with the regulator.
