By KYIV. Nov 13 (Interfax-Ukraine) – Bank Lviv plans to increase its charter capital by UAH 250 million, or 35.3%, to UAH 958.405 million through additional contributions from existing shareholders.
As stated in the bank’s report in the disclosure system of the National Securities and Stock Market Commission, the relevant issue was submitted to an extraordinary remote meeting of shareholders on December 18.
It is expected that as part of the increase in the charter capital, an additional issue of shares with the existing par value of UAH 0.1 each will be carried out.
According to the National Bank of Ukraine, as of early September 2023, Bank Lviv ranked 28th in terms of assets (UAH 9.12 billion) among 64 banks operating in the country. The bank’s net profit for eight months of this year amounted to UAH 121.1 million.
According to information on the website of Lviv Bank, its shareholders at the beginning of this year were ResponsAbility Participations fund (Switzerland) – 48.557189%, Nordic Environment Finance Corporation (NEFCO) – 13.93623% and Icelandic citizen Margeir Petursson – 37.4692%.
The EBRD pointed out in August this year that European-owned Bank Lviv is a regional SME-focused bank and one of the fastest growing in western Ukraine, with its loan portfolio growing from $35 million in 2017 to $133 million in the first quarter of 2023. Its main office is located in Lviv, the network includes 19 branches, 13 of them in Lviv region, six in other cities.
