Market announcement
AS LHV Group
LEI code
529900JG015JC10LED24
Size of the entity
Large group
Economic activities
Financial and Insurance Activities
Industry sector(s)
Credit institution
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
10423
Attachments
Submission date and time
13.06.2023 08:00:00
Content of announcement in Estonian
Title
LHV Groupi tulemused mais 2023
Message
Maikuust kuulub LHV Groupi konsolideerimisgruppi kaks eraldiseisvat panka. Kuu tulemusi mõjutasid mõlema panga tugev kasv ja kasumlikkus, aga ka krediidiportfelli kvaliteedi püsimine. AS-i LHV Group konsolideeritud hoiused kasvasid maikuus 248 miljoni euro võrra. Kasvu panustasid nii tavaklientide, maksevahendajate kui ka hoiuseplatvormidelt kaasatud hoiused. Tähtajaliste hoiuste maht kasvas 163 miljoni euro võrra, samas kui nõudmiseni hoiused suurenesid 85 miljoni euro võrra. Konsolideeritud laenuportfell kasvas kuuga 92 miljoni euro võrra, sealhulgas ettevõtete laenud 75 miljoni euro võrra ning jaelaenud 17 miljoni euro võrra. LHV juhitud fondide maht vähenes maikuus 13 miljoni euro võrra. Mais töödeldi 3,9 miljonit finantsvahendajatest klientidega seotud makset. AS-i LHV Group konsolideeritud puhaskasum oli mais 12,1 miljonit eurot. AS LHV Pank teenis 12,1 miljonit eurot puhaskasumit ning AS-i LHV Varahaldus kasum oli 0,2 miljonit eurot. AS LHV Kindlustus näitas 86 tuhat eurot kahjumit. LHV Ühendkuningriigi tütarettevõtte LHV Bank Limited puhaskasum ulatus 0,3 miljoni euroni. LHV Panga klientide arv kasvas mais 3800 võrra. Tugevat kasvu iseloomustas ka aasta parim kuu mitmete laenutoodete lõikes, näiteks kodulaenuportfell kasvas mais 11 miljoni euro võrra. Panga laenuportfelli suurendas ka 25 miljoni euro grupisisene laen LHV Bankile. Panga fookuses on endiselt hoiused, kuna kuu lõpus tõstis LHV Pank klientidele pakutava 12-kuulise tähtajalise hoiuse intressimäära 4 protsendile. Tavaklientide hoiused kasvasid 96 miljoni euro võrra, maksevahendajate hoiused 83 miljoni euro võrra ning hoiuste platvormilt kaasati 68 miljonit eurot hoiuseid. Mais tõstis reitinguagentuur Moody's LHV Panga hoiuste investeerimisjärgu reitingu väljavaate positiivseks, kinnitades pikaajaliste pangahoiuste reitingu Baa1 tasemel. LHV Bankile omistas Ühendkuningriigi finantsjärelevalve kuu alguses pangalitsentsi, mis võimaldab alustada hoiuste kaasamist. Muutus ettevõtte nimi ning on alustatud ettevalmistusi äritegevuse üleviimiseks. LHV Banki laenuportfell on hakanud stabiilselt kasvama. Tulud on planeeritust suuremad. LHV Varahalduse tegevus oli mais plaanipärane, kasumlikkus on finantsplaaniga võrreldes tagasihoidlikum eelkõige madalama finantstulu tõttu. Suurimad pensionifondid L ja XL alanesid kuuga vastavalt 0,4% ja 0,6%. Pensionifond Indeks tõusis 1,7%, pensionifond Roheline kaotas väärtuses 0,8%. Alates juunist lisandus Varahalduse juhatusse kolmas liige: Eve Sireli vastusvaldkonnaks on riski- ja operatsioonide juhtimine. LHV Kindlustuse portfell jätkas mais stabiilset kasvu, kui sõlmiti 12 600 kindlustuslepingut 2,7 miljoni euro mahus. Samas mõjutas äritulemusi kahjueraldiste kasv. Kindlustus võttis mais kasutusele uue kahjukäsitlustarkvara, väike- ja keskmise suurusega ettevõtetest klientide jaoks toodi turule ettevõttekindlustuse toode, mis hõlmab ettevõtte varakindlustust, ärikatkemise kindlustust ning ka tegevuse ja tööandja vastutuskindlustusi. Plaanitust paremate tulude mõjul edestab LHV Group finantsplaani kasumi osas 21 miljoni euro võrra. Grupi omakapitali tootlus oli mais 30,8%. AS-i LHV Group aruanded on saadaval aadressil: https://investor.lhv.ee/aruanded (https://www.globenewswire.com/Tracker?data=BHAWl- DdBYuNxHrxlJxGFEY9mGrmniMti0inLwa3n_eL8BKrLKk6Z9y9QOJ8bGQfx- 8nW5GXbgI52azA4Cv3N5TfD35ke1j5MxiZNrltmklaqLQOFnMsyzvN4njDOozo). LHV Group on suurim kodumaine finantskontsern ja kapitali pakkuja Eestis. LHV Groupi peamised tütarettevõtted on LHV Pank, LHV Varahaldus, LHV Kindlustus ja LHV Bank Limited. Grupi ettevõtetes töötab üle 940 inimese. LHV pangateenuseid kasutab mai lõpu seisuga 398 000 klienti, LHV hallatavatel pensionifondidel on 129 000 aktiivset klienti ja LHV Kindlustusega on kaitstud 160 000 klienti. Groupi tütarettevõte LHV Bank omab Ühendkuningriigi pangalitsentsi ning pakub pangateenuseid rahvusvahelistele finantstehnoloogia ettevõtetele ja laenusid väike- ja keskmise suurusega ettevõtetele. Priit Rum LHV kommunikatsioonijuht Telefon: 502 0786 E-post: [email protected] (mailto:[email protected])
Content of announcement in English
Title
LHV Group results in May 2023
Message
Since May, LHV Group has two separate banks in its consolidated group. The month's results were driven by strong growth and profitability in both banks, as well as the high quality of the credit portfolio. The consolidated deposits of AS LHV Group increased by EUR 248 million in May. Growth was driven by deposits from retail clients, payment intermediaries, and deposit platforms. Term deposits grew by EUR 163 million, while demand deposits increased by EUR 85 million. The consolidated loan portfolio grew by EUR 92 million over the month, with corporate loans increasing by EUR 75 million and retail loans by EUR 17 million. The volume of the funds managed by LHV decreased by EUR 13 million in May. In May, 3.9 million payments from financial intermediary clients were processed. The consolidated net profit of AS LHV Group was EUR 12.1 million in May. AS LHV Pank earned EUR 12.1 million in net profit, and the profit of AS LHV Varahaldus was EUR 0.2 million. AS LHV Kindlustus showed a loss of EUR 86 thousand. The net profit of LHV's UK subsidiary LHV Bank Limited amounted to EUR 0.3 million. The number of LHV banking clients increased by 3,800 in May. The strong month was also characterised by best growth of the year across a number of LHV Pank loan products, for example, the home loan portfolio grew by EUR 11 million in May. LHV Pank's loan portfolio was also boosted by a EUR 25 million intra-group loan to LHV Bank. The bank's focus remains on deposits, as at the end of the month, LHV Pank raised the interest rate on the 12-month term deposit offered to clients to 4%. Deposits from retail clients increased by EUR 96 million, deposits from payment intermediaries by EUR 83 million, and deposits from the deposit platform by EUR 68 million. In May, rating agency Moody's upgraded LHV Pank's investment grade deposit rating outlook to positive, affirming its long-term bank deposit rating at Baa1. LHV Bank Limited was granted a banking licence by the UK's financial supervisor earlier this month, allowing it to start taking deposits. The name of the company has changed and preparations have started to transfer the business. LHV Bank's loan portfolio has started to grow steadily. Revenues are higher than planned. LHV Varahaldus performed according to plan in May, but profitability is modest compared to the financial plan, mainly due to lower financial income. The largest pension funds, L and XL, decreased by 0.4% and 0.6%, respectively, over the month. Pensionifond Indeks increased by 1.7%, Pensionifond Roheline lost 0.8% in value. Since June, a third member has been added to the Varahaldus Management Board: Eve Sirel is responsible for risk and operations management. The portfolio of LHV Varahaldus continued to grow steadily in May, with 12,600 insurance contracts worth EUR 2.7 million. At the same time, operating results were impacted by an increase in loss and damage reserve. In May, the insurance company launched new claims handling software, while a business insurance product was launched for small and medium-sized enterprise clients, covering business property insurance, business interruption insurance, as well as business and employer liability insurance. Due to better-than-planned revenues, LHV Group outperforms the financial plan in terms of profit by EUR 21 million. The Group's return on equity was 30.8% in May. AS LHV Group's reports are available at: https://investor.lhv.ee/en/reports/ (https://www.globenewswire.com/Tracker?data=BHAWl- DdBYuNxHrxlJxGFEY9mGrmniMti0inLwa3n_doVvF1Ibx9ZMNUpJpRH3EVPxbEK_gNEkaeUDKH1KEU2l Z66YUePChWIIwrxciB4jUdnZwunUecALQslKKNPWJX). LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group's key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group's companies employ more than 940 people. As of the end of May, LHV's banking services are being used by 398,000 clients, the pension funds managed by LHV have 129,000 active clients, and LHV Kindlustus protects a total of 160,000 clients. The Group's subsidiary LHV Bank owns a banking licence in the United Kingdom and offers banking services to international fintech companies and loans to small and medium-sized enterprises. Priit Rum Communication Manager Phone: +372 502 0786 Email: [email protected] (mailto:[email protected])