“Credit Agricole Bank” Will Be Able to Acquire “Lviv” Bank: Antimonopoly Committee Ruling
25 June 20:08
The Antimonopoly Committee of Ukraine (AMCU) has authorized Credit Agricole Bank to acquire control of Lviv Bank. The committee adopted the decision at a meeting following its review of the bank’s application dated May 13, 2026, according to "Komersant Ukrainian"
The AMCU also authorized Credit Agricole Bank and six shareholders of Bank Lviv—who collectively own 99.972126% of its shares, to fulfill the non-solicitation, non-hiring, and non-competition clauses stipulated in the purchase and sale agreement.
Previously, “Crédit Agricole Ukraine” signed an agreement with Bank “Lviv,” which focuses on small and medium-sized businesses.
Control over JSC “AKB Lviv” allows Crédit Agricole to strengthen its position in the western regions of Ukraine, while simultaneously strengthening the bank’s position in the small and medium-sized business segment and in the agricultural sector.
“Lviv” has over 37,000 retail customers and several thousand small and medium-sized business customers, including agricultural companies. The terms of the deal were not disclosed. Its completion also depends on receiving approval from the National Bank of Ukraine.
Combining their assets would allow Crédit Agricole to enter the top ten banks in Ukraine, displacing OTP Bank from that ranking.
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Credit Agricole Bank
Credit Agricole Bank was founded in 1993. Its sole shareholder is Credit Agricole S.A. (France).
According to the National Bank, as of May 1, 2026, the bank ranked 11th (135.98 billion UAH) in terms of total assets among Ukraine’s 58 solvent banks.
Bank “Lviv”
As of January 1 of this year, according to information on the National Bank’s website, the largest shareholder of Bank “Lviv” was responsAbility Participations—41.151580%, which, in turn, is owned 19.23% by KfW Bankengruppe (Germany), 14.4% by Raiffeisen Schweiz Genossenschaft, 14.81% by PKE-CPE Vorsorgestiftung Energie, 10.31% by Pensionskasse der F. Hoffmann-La Roche AG—10.31%, Previs Vorsorge—7.20%, and Providentia AG—5.76% (all five based in Switzerland).
In addition, through a series of entities, Icelandic citizen Margheir Petursson was a major shareholder with a 27.937421% stake, the Dutch state investment fund DGGF, which invested EUR4.5 million in the bank’s capital in the summer of 2024 – 20.492129%, and another 10.390996% was held by NEFCO (Nordic Environment Finance Corporation).
As of May 1, 2026, Bank Lviv ranked 24th in terms of total assets—nearly 19 billion UAH.
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