RLF - Bank Lviv LCY loan 2025 (EBRD-56865)

Countries
  • Ukraine
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Oct 22, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
BANK LVIV JSC
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 47.48 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 40
Converted using 2025-09-16 exchange rate.
Project Cost (USD)
$ 47.48 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 40
Converted using 2025-09-16 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Sep 24, 2025

Disclosed by Bank Sep 16, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the project consists of a local currency senior unsecured loan (the "Loan") of up to EUR 40 million equivalent to be provided to Bank Lviv ("BL", the "PFI") in four equal tranches of EUR 10 million each. The Loan will comprise two components: at least 75% under the EBRD's Resilience and Livelihoods Framework, and up to 25% under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 56866).

Under the EBRD's Resilience and Livelihoods Framework, the funding will be used for on-lending to private MSMEs in Ukraine, including those which relocated their businesses to the western part of Ukraine due to the ongoing war.

Under the EU4Business-EBRD Credit Line with Incentives, the funding will be used to enable financing of long-term capital investments of MSMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies, thereby enhancing their competitiveness.

The Loan will help Bank Lviv to maintain a sustainable funding base and provide continued access to finance for private MSMEs affected by the ongoing war on Ukraine.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Categorised FI (ESP 2024).  Bank Lviv is an existing client of the Bank and has demonstrated satisfactory environmental and social (E&S) performance under its current exposure.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

A local currency senior unsecured loan of up to EUR 40 million equivalent, in four equal tranches of EUR 10 million each.

It includes a committed tranche of EUR 10 million equivalent and up to EUR 10 million equivalent for each of three subsequent uncommitted tranches, calculated based on the UAH-EUR exchange rate at the time of disbursement of the respective tranche of the loan.

Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

JSC "Bank Lviv" is a regional MSME-focused bank operating in the west of Ukraine with total assets of EUR 333M (0.5% market share) and a loan portfolio (predominantly MSMEs) of ca. EUR 212M as of end-2Q2025 (1.2% market share). The BL has a head office in Lviv and 20 branches.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

COMPANY CONTACT INFORMATION

Andriy Vynnychuk
vynnychuk@banklviv.com
+380 93 116 9747
https://www.banklviv.com/
1, Serbska str., Lviv, Ukraine, 79008

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html

How it works

How it works