NovaPay loan portfolio expands 30% in Jan-July as credit cards surge 61.3%
The loan portfolio of international financial service NovaPay (NovaPay brand), part of the Nova Group, reached UAH 2.6 billion, compared with UAH 2 billion as of February 18 this year, the company said in a press release posted on its website.
In the first half of 2026, NovaPay's loan portfolio expanded by 30% to UAH 2.6 billion, driven primarily by a surge in credit card lending. Credit card loans grew by 61.3% to UAH 1 billion, while installment loans only increased by 11% to UAH 925 million. The Parcel on Credit service portfolio saw a decline of 29% to UAH 206 million.
NovaPay reported that roughly 50,000 new customers utilized its lending products over the past year, with 140,000 customers having utilized them since the company's inception. CEO Bohdan Hryvko highlighted that 40% of active borrowers use two or more lending products, and about 42% take out loans repeatedly. The average consumer loan amount is UAH 5,000, while the average credit card limit is UAH 27,500, and e-commerce loans for individual entrepreneurs average UAH 422,000.
NovaPay, founded in 2001 under the Nova Group umbrella, obtained an extended license from Ukraine's National Bank in 2023, enabling it to issue cards and open accounts. The company's net profit tripled to UAH 172.01 million in the first half of 2026, with revenue growing 2.2 times to UAH 586.42 million. At year-end, NovaPay's equity stood at UAH 688.5 million, up from UAH 516.5 million at the start of the year, while liabilities reached UAH 1.69 billion, up from UAH 1.37 billion.
Written by urgent.news from Interfax-Ukraine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
