In January, AS LHV Group earned a consolidated net profit of EUR 3.5 million. AS
LHV Pank earned EUR 3.2 million and AS LHV Varahaldus EUR 0.4 million.
The most important events of the active month included opening real-time pound
payments to the bank's fintech customers, affirmation of the bank's investment-
grade credit rating Baa1 by Moody's, adding new locations to LHV's ATM network
and reaching 10,000 customers for the popular Growth Account investment product.
In a month the bank received 4900 new customers. By the end of January, business
loan portfolio grew by EUR 42 million and private loans by EUR 11 million.
Deposits increased by EUR 95 million.
AS LHV Group reports are available at https://investor.lhv.ee/en/reports.
LHV Group is the largest domestic financial group and capital provider in
Estonia. LHV Group's key subsidiaries are LHV Pank and LHV Varahaldus. LHV
employs over 440 people, and more than 207,000 customers use LHV's banking
services. Pension funds managed by LHV have over 176,000 active clients.
Priit Rum
Communication Manager
Phone: +372 502 0786
Email: priit.rum@lhv.ee (mailto:priit.rum@lhv.ee)
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