Kredobank (Lviv) in the second quarter of 2023 increased the authorized capital of the subsidiary company “Credolizing” (Lviv) by UAH 25 million – up to UAH 35 million in order to ensure its further development, according to the quarterly report of the bank.
It is indicated that the state registration of changes in the authorized capital of Credolizing took place on June 26 of this year.
LLC “Credolizing” was founded in August 2021, Kredobank is 100% owner of the company.
According to information on the leasing company’s website, it finished 2022 with a net loss of UAH 2.9 million, while its revenue amounted to UAH 3 million. Last year, the company’s assets decreased from UAH 9.8 mln to UAH 6.9 mln.
As of June 1 of this year, Kredobank ranked 14th among 65 operating banks in Ukraine in terms of assets (UAH 46.854 billion), and its network includes 67 branches in the country. Kredobank is fully owned by PKO Bank Polski SA, the largest systemically important bank in Poland, whose shares are listed on the Warsaw Stock Exchange.
