According to the National Bank of Ukraine (NBU), on 9 November 2026 the regulator declared the business reputation of five non‑bank financial companies and three owners of significant participation to be unsound.
Who the NBU decision concerns
The NBU’s decision concerns ТОВ «БІ ЕЛ ДЖИ МІКРОФІНАНС», ТОВ «ФК «КРЕДІПЛЮС», ТОВ «МІЛОАН», ТОВ «ФК «ФІНМАР» and the general partnership «ДОНКРЕДИТ». The regulator also declared the business reputation of three owners of significant participation unsound: Rodion Butko, the Swiss company Bredley CH AG and ТОВ «БЕРЕГ-ГРУП».
According to circumstances established by the NBU, the five companies and their owners stated that Kateryna Tattersal did not have Russian citizenship and/or tax residency in the Russian Federation, but that information proved to be false. The regulator cited these facts as the basis for assessing business reputation as unsound.
Kateryna Tattersal’s role in the structure of Bredley CH AG
The issue became public after an investigation by the “Schemes” project of Radio Liberty on 5 August 2026, which examined the ownership structure and the participation of Bredley CH AG in Rodion Butko’s financial business. After the publication, designated state authorities confirmed that Kateryna Tattersal holds Russian citizenship.
The Swiss commercial register shows that on 19 August 2026 Tattersal left the board of directors of Bredley CH AG. At the time the NBU made its decision she was no longer a member of the company’s governing body, but the regulator took her prior role in management into account as a circumstance that affected the assessment of business reputation.
Scale of the business of «МІЛОАН»
Among the five companies the NBU paid particular attention to ТОВ «МІЛОАН», which operates as an online lending service. In January 2026 the NBU included the company in the first list of 53 significant financial companies in the non‑bank sector.
According to data cited in analysis by Mind, in the first half of 2026 «МІЛОАН»’s revenue was 1,172 млрд UAH; as of 30 June assets were valued at 547,4 млн UAH, equity at 198 млн UAH, and net profit reached 40,1 млн UAH. The status of a significant financial company entails additional requirements for risk management and business planning.
Consequences of the decision and legal basis
The NBU emphasised that declaring a business reputation unsound does not automatically mean that companies will cease operating or that licences will be revoked. The grounds for assessing business reputation and the authorisation procedure are set out in the Regulation on the authorisation of providers of financial services.
The decision paves the way for further enforcement measures: the regulator may require violations to be remedied, limit the rights of owners of significant participation, or apply other measures provided for by law. In its 9 November notice the NBU did not announce licence revocations or the automatic termination of existing loan agreements.
In 2026 the NBU tightened supervision of the non‑bank sector: in January it identified a list of 53 significant financial companies, and in August the NBU Board approved updated rules for inspections of debt‑collection companies and requirements for the business reputation of their owners and managers (Resolution No. 95 of the Board of the NBU dated 18 August 2026). The regulator also introduced requirements in the summer for managing risks in cooperation with providers of critically important services, including checks of links with the aggressor state and sanctions restrictions.
