How it started
History
The West-Ukrainian Commercial Bank was established in Lviv and registered with the State Bank of the Soviet Union on 14 May 1990. It was re-registered with the National Bank of Ukraine on 14 October 1991.
In 2000, the European Bank for Reconstruction and Development (EBRD) invested in the bank alongside Poland's Kredyt Bank. It was renamed Kredyt Bank (Ukraine) in 2002. In 2004, PKO Bank Polski acquired a 67 per cent shareholding from Kredyt Bank, and the bank adopted the KredoBank name on 1 March 2006. PKO Bank Polski subsequently became its sole shareholder.
The NBU first included KredoBank on its expanded list of systemically important banks in 2019 and has retained it on the list in subsequent annual reviews. Jakub Karnowski became chairman of KredoBank's management board on 1 March 2025 after approval by the NBU.
From Wikipedia’s article on KredoBank, shared under CC BY-SA 4.0.2