Bank Lviv was established in 1990. In 2007 it became a bank entirely with foreign capital. On January 29, 2019, 51% of the bank's shares were repurchased by the Swiss responsAbility fund , and in 2022, the Northern Environmental Finance Corporation Nefco repurchased 13.94% of the bank's shares.
Every year the bank is evaluated by various authorized rating agencies. In 2018, the rating agency IBI-Rating confirmed the reliability of Bank of Lviv's bank deposits at the level of "5", which characterizes the bank as a reliable financial institution.