Bank Lviv is a medium sized bank in the beautiful city of Lviv in western Ukraine and unusually, it is owned by Icelander Margeir Petursson, who is also a former world chess champion. As a man who obviously understands strategy, Petursson has bet on the growth of the small and medium-sized enterprise (SME) in the region, but the bank has been on a roller coaster rise as Ukraine lurched from boom to bust in the last decade. Now it looks like it might lurch back to boom, following the election of Ukrainian president Volodymyr Zelenskiy, but like any good bank manager chairman of the management board of the bank Ashot Abrahamyan is being cautious.
bne IntelliNews editor-in-chief Ben Aris talks to Abrahamyan about building up a banking business in Ukraine’s regions as the economy recovers and the changes the sector has seen following the high successful clean up carried out by former National Bank of Ukraine (NBU) governor Valeriya Gontareva.
Ben Aris, editor-in-chief, bne IntelliNews
Ashot Abrahamyan, chairman of the management board of Bank Lviv