The Verkhovna Rada Finance Committee supported the bill on the creation of financial inclusion banks

The Committee on Finance, Tax and Customs Policy of the Verkhovna Rada approved the revised bill No. 13018-d for the second reading. It provides for the creation of a new type of banking institution — a financial inclusion bank, which will operate on the basis of a limited banking license. About this reported the head of the committee Danylo Hetmantsev.

The main purpose of such banks is to provide services to those customers who currently have limited or unstable access to financial services. These are, in particular, citizens and micro-enterprises working in front-line regions, in de-occupied territories, as well as representatives of socially vulnerable segments of the population.

The draft law introduces into the legal field the definition of such concepts as “financial inclusion”, “limited banking license” and “financial inclusion bank”. In addition, the National Bank of Ukraine will receive appropriate powers to promote the development of this direction.

Financial inclusion banks will be able to provide banking and other financial services exclusively to individuals, business representatives, public and charitable organizations, as well as state and local self-government bodies. The draft law aims to create a regulatory framework for the emergence of a new type of financial market participants capable of providing access to financial services in difficult or inaccessible regions of the country.