The Antimonopoly Committee of Ukraine (AMCU) has authorized Credit Agricole Bank to acquire control over Bank “Lviv.”
The committee adopted the decision at a meeting on Thursday following its review of the bank’s application dated May 13, 2026.
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 provisions set forth in the purchase and sale agreement.
As previously reported, in March 2026, Credit Agricole Bank signed an agreement to acquire up to 100% of the share capital of Bank Lviv. The transaction amount was not disclosed. Its completion also depends on obtaining approval from the National Bank of Ukraine.
Credit Agricole Bank plans to leverage Bank Lviv’s regional expertise to develop the small and medium-sized business segment, with a focus on the agricultural sector throughout Ukraine.
Combining their assets would enable Credit Agricole to enter the top ten banks in Ukraine, displacing OTP Bank from that ranking.
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 (UAH 135.98 billion) in terms of total assets among Ukraine’s 58 solvent banks.
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%—in which, notably, KfW Bankengruppe (Germany) holds 19.23%, Raiffeisen Schweiz Genossenschaft—14.4%, PKE-CPE Vorsorgestiftung Energie – 14.81%, 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—holding 27.937421%—as was the Dutch state investment fund DGGF, which invested EUR 4.5 million in the bank’s capital in the summer of 2024—holding 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—18.89 billion UAH.
