Crédit Agricole Ukraine announces the signing of an agreement to acquire Bank Lviv
Crédit Agricole Ukraine has signed an agreement to acquire up to 100 % of the share capital of Bank Lviv, a bank specialising in small and medium-sized enterprises, headquartered in Lviv. This acquisition will enable Crédit Agricole Ukraine to develop its presence in the west of the country while strengthening its positioning in the SMEs segment and the agricultural sector. It is in line with Crédit Agricole Ukraine’s strategy to support the Ukrainian economy and its ambition to be a key player in the rebuilding of the country.
Crédit Agricole CIB brought its clients together on 11 March at the Fédération nationale du Crédit Agricole to discuss this topic.
Opening the talks,, Olivier Gavalda, Chief Executive Officer of Crédit Agricole S.A., praised the remarkable commitment of the Crédit Agricole Ukraine teams, who continue to operate and support their clients in all circumstances. He also reiterated the Group’s continued support for its bank in Ukraine and its desire to be fully mobilised to contribute to the rebuilding of the country.
Stéphane Priami, Deputy Managing Director of Crédit Agricole S.A. in charge of the International Banking and Services Division, reviewed the Group’s strategy in the country and the importance of a long-term commitment.
But these exchanges also featured testimonies from the ground. Several of the Group’s customers present in Ukraine shared the daily reality faced by their teams and the solutions they have been implementing to continue their activities in an environment still marked by uncertainty - particularly in the agricultural sector, which is vital to the Ukrainian economy.
Philippe Brassac and Carlos de Cordoue, respectively Chairman and Chief Executive Officer of Crédit Agricole Ukraine, spoke about the day-to-day lives of employees and their ability to adapt to continue to support their customers.
Lastly, Pierre Heilbronn, formerly France’s Special Envoy for Ukraine’s Relief and Reconstruction, and Francis Malige, CEO in charge of Financial Institutions at the European Bank for Reconstruction and Development, highlighted the resilience of the Ukrainian economy and shared their analyses of the challenges – but also the opportunities – associated with the reconstruction of the country.
An opportunity for discussion and collective reflection, which reminded us how essential it is to support economic players when preparing for the future.
An opportunity for discussion and collective reflection, which reminded us how essential it is to support economic players when preparing for the future.
This transaction remains subject to the usual prior authorisations, including approval from the National Bank of Ukraine and the Ukrainian Competition Authority. It could be completed by mid-2026. This transaction is aligned with Crédit Agricole S.A.’s return on investment criteria. Its impact on Crédit Agricole S.A.’s CET1 ratio is negligible.
