Business news from Ukraine

BANK LVIV ATTRACTS EUR 5 MLN FROM DUTCH TRIODOS

PJSC Bank Lviv has attracted funding from Triodos Investment Management (Netherlands) in the amount of EUR 5 million, the bank said on its website. “Dutch-based company Triodos Investment Management through its inclusive financial funds, namely Triodos Microfinance Fund and Triodos Sustainable Equity Fund, provides a credit line of EUR 5 million to Ukraine’s Bank Lviv. This line will strengthen the bank’s position in the credit financing of domestic micro and small businesses and the agrarian sector,” the report says.
Triodos Investment Management is a subsidiary of Triodos Bank.
As reported, this autumn Swiss-based asset management company responsAbility Participations AG (Zurich) acquired a 40.45% stake in Bank Lviv.
Bank Lviv was registered in 1991.
Bank Lviv ranked 39th among 82 banks operating in the country as of October 1, 2018 in terms of net assets (UAH 2.024 billion), according to the National Bank of Ukraine.

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NATIONAL BANK PERMITS SWISS COMPANY TO BUY 51% IN BANK LVIV

The National Bank of Ukraine (NBU) has approved the acquisition of 51% of shares in public joint-stock company Bank Lviv by Switzerland’s responsAbility Participations AG, the asset management company. The NBU said on its website that the decision was made on June 23.
Bank Lviv earlier reported that the package of documents to approve the acquisition by the new strategic investor was submitted on September 12, 2017.
Bank Lviv was registered in 1991. Its ultimate beneficiary holding over 99.9% of shares was citizen of Iceland Margeir Petursson.
The bank ranked 44th among 84 operating banks in terms of assets as of January 1, 2018 (UAH 1.938 billion), according to the NBU.
According to a posting on the website of responsAbility Participations, 60% of its shares belong to Swiss financial institutions, including Baumann&Cie, Raiffeisen Switzerland, Swiss Re Foundation, Vontobel Beteiligungen, 21% – to private investors and 19% – to managers and employees.
The core business of responsAbility Participations is investment in developing markets.

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