In brief : Crédit Agricole offers a Ukrainian bank

Crédit Agricole Ukraine, the Ukrainian subsidiary of the Crédit Agricole Group, signed an agreement to acquire up to 100% of the Ukrainian bank Bank Lviv, thus strengthening its presence in the west of the country and consolidating its support for the Ukrainian economy.

Crédit Agricole Ukraine therefore plans to acquire the entire capital of Bank Lviv, a bank specializing in SMEs, based in Lviv. The latter has close to 37,000 private customers and 8,400 SME clients operating in particular in the agricultural sector.

This operation aims to accelerate the development of Crédit Agricole in western Ukraine and to strengthen its position with businesses and the agricultural sector. The acquisition is also part of the group's strategy, which wants to be a key player in economic reconstruction in Ukraine.

The finalisation of the buyback depends on the usual regulatory authorizations (National Bank and the Ukrainian Competition Authority) and may take place by mid-2026.

The transaction meets the financial criteria of the Crédit Agricole S.A. group, with a negligible effect on its CET1 solvency ratio.

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