The National Bank of Ukraine revoked LLC "GOLD SPLIT" of its license to operate as a financial company — providing credit, factoring, guarantees and financial leasing. The grounds were an unscheduled inspection conducted in February–April 2026. The NBU identified signs of risky activities and officially classified them as: "activities that do not make sense."
What stands behind the phrasing
The phrase "activities that do not make sense" is not rhetoric. In the NBU's regulatory practice, this is a technical marker: a company exists legally, but either conducts no real operations, or conducts them in a way that does not correspond to its stated business model. Both options are classic signs of a fictitious or transit structure.
For comparison: other financial companies received license sanctions for more obvious violations. For instance, "City Fin Alliance" lost its license for obstructing a scheduled inspection — on the first day of inspection, there was simply no authorized person present. "Solid Group" — through the same scheme, as reported by the Financial Club. "GOLD SPLIT" is a rare case where the inspection was conducted in full and grounds for revocation were still found.
Context: market under deadline pressure
The "GOLD SPLIT" case is not isolated. The non-banking financial market is experiencing a large-scale cleanup: as of June 1, 2026, the number of active participants decreased to 744 from 749 a month earlier. In May alone, the NBU annulled licenses for four companies.
"If each company were inspected, the market would shrink even more"
— market participant, quoted from PSM7 analytics
In parallel, a strict deadline is in effect: 52 "significant" financial companies — those controlling over 1% of market assets or presenting increased risk to consumers — are required to bring their activities into compliance with new NBU requirements by July 1, 2026. Those who fail to meet the deadline will face the same procedure, but on a scheduled basis.
The regulator's logic has changed
The NBU increasingly rarely chooses softer instruments. If previously the sequence was "warning → fine → license," now revocation has become the first response to systemic violations. Obstruction of supervision or signs of fictitious activity — and the regulator applies the harshest measure without intermediate steps.
For clients, this is an important nuance: license revocation does not annul debt obligations. Portfolios are legally sold to factoring organizations, and the creditor simply changes — the debt remains.
If by July 1 the NBU does not receive strategic plans, staff audits, and transparent ownership structures from "significant" companies — how many of the 52 players will remain on the market by the end of summer?
