Crédit Agricole Expands Presence in Western Ukraine with Planned Acquisition of Bank Lviv

Crédit Agricole Expands Presence in Western Ukraine with Planned Acquisition of Bank Lviv

(IN BRIEF) Crédit Agricole Ukraine has reached an agreement to acquire up to 100 percent of Bank Lviv, a Ukrainian bank focused on serving small and medium-sized enterprises and based in Lviv. The acquisition will strengthen Crédit Agricole’s presence in Western Ukraine and reinforce its activities in SME banking and agricultural financing. The transaction supports Crédit Agricole Ukraine’s long-term commitment to supporting the Ukrainian economy and contributing to the country’s reconstruction. Completion of the deal remains subject to regulatory approvals from the National Bank of Ukraine and the Antimonopoly Committee of Ukraine and is expected to be finalized by mid-2026. The acquisition is expected to have a minimal impact on Crédit Agricole S.A.’s CET1 capital ratio.

(PRESS RELEASE) KYIV, 12-Mar-2026 — /EuropaWire/ — Crédit Agricole Ukraine has signed an agreement to acquire up to 100 percent of the share capital of Bank Lviv, a Ukrainian bank specializing in services for small and medium-sized enterprises and headquartered in the city of Lviv. The transaction represents a strategic move aimed at strengthening Crédit Agricole’s presence in Western Ukraine and expanding its activities in key economic sectors.

Through the acquisition, Crédit Agricole Ukraine intends to enhance its position in the SME banking segment while also reinforcing its involvement in the agricultural sector, an important part of the Ukrainian economy. Bank Lviv has built its reputation by focusing on financing and banking services for small and medium-sized businesses, making it a complementary addition to Crédit Agricole Ukraine’s existing operations.

The planned acquisition aligns with Crédit Agricole Ukraine’s broader strategy of supporting economic development in Ukraine over the long term. The bank aims to contribute to the country’s recovery and reconstruction by strengthening financial services for businesses and agricultural producers.

Completion of the transaction remains subject to customary regulatory approvals. In particular, the deal must receive authorization from the National Bank of Ukraine as well as clearance from the Antimonopoly Committee of Ukraine. Provided these approvals are obtained, the acquisition is expected to be finalized by mid-2026.

From a financial perspective, the transaction is structured to comply with the return on investment requirements of Crédit Agricole S.A.. The acquisition is expected to have a negligible effect on the group’s Common Equity Tier 1 (CET1) capital ratio, maintaining the bank’s strong capital position.

About Crédit Agricole Ukraine

A wholly owned subsidiary of Crédit Agricole S.A., Crédit Agricole Ukraine is a universal international bank in Ukraine, strategic partner to agribusiness and corporate customers, as well as one of the automotive lending market leaders. With a head office in Kyiv, 137 outlets nationwide, and 2,200 employees, the bank serves 380,000 customers.
https://credit-agricole.ua/

About Bank Lviv

Bank Lviv is an SME-focused Ukrainian bank with its head office in Lviv and over 37,000 retail clients and 8,400 SME clients including agricultural businesses. The bank has an established presence in the West of Ukraine, far from the active war zone. It offers financing for development, working capital, refinancing, and energy efficiency, alongside a full suite of deposit and payment services.
https://banklviv.ua/

Media Contacts:
Crédit Agricole Ukraine
Olena Tokar
+38 050 347 17 80
Olena.TOKAR@credit-agricole.ua

Oksana Yarmak
+38 067 317 03 33
Oksana.YARMAK@credit-agricole.ua

Crédit Agricole S.A.
Alexandre Barat
+33 6 19 73 60 28
Alexandre.barat@credit-agricole-sa.fr

Olivier Tassain
+33 6 75 90 26 66
Olivier.tassain@credit-agricole-sa.fr

SOUCE: CRÉDIT AGRICOLE SA