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
10593
Attachments
Submission date and time
12.09.2023 08:00:00
Content of announcement in Estonian
Title
LHV Groupi tulemused augustis 2023
Message
LHV augustit iseloomustas LHV Panga aktiivne ja kasumlik tegutsemine ning ettevõttesisese sündmusena maksevahendajate äri siirdamine LHV Banki koos uute süsteemide kasutuselevõtuga. AS-i LHV Group konsolideeritud hoiused kasvasid augustis 152 miljoni euro võrra. Tähtajalised hoiused suurenesid 121 miljoni euro võrra, samal ajal kui nõudmiseni hoiused kasvasid 31 miljoni euro võrra. Grupi konsolideeritud laenuportfell suurenes augustis 43 miljoni euro võrra. Jaelaenud kasvasid 14 miljonit eurot, laenud ettevõtetele aga 29 miljonit eurot. LHV juhitud fondide maht suurenes kuuga 4 miljoni euro võrra. Kuu jooksul töödeldi 4,5 miljonit finantsvahendajatest klientidega seotud makset. AS-i LHV Group konsolideeritud puhaskasum oli augustis 12,2 miljonit eurot. AS LHV Pank teenis augustis samuti 12,2 miljonit eurot puhaskasumit, samal ajal kui AS LHV Varahalduse puhaskasum oli 88 tuhat eurot, AS LHV Kindlustusel 34 tuhat eurot ja LHV Bank Limitedil 74 tuhat eurot. Grupi omakapitali tootlus oli 28,7%. 22. augustil viidi LHV Panga Ühendkuningriigi filiaali äritegevus edukalt üle LHV Banki. Sellega liigutati Ühendkuningriigi äriga seotud klientide naelamaksete teenindamine senisest filiaalist üle uude panka. Samuti läksid LHV Banki üle liidestused naelamaksete süsteemidega ja naelamaksete teenindamisega seotud lepingud. Ühtlasi kajastub osa klientide hoiustest nüüd LHV Banki bilansis. LHV Panga klientide arv vähenes augustis 1000 võrra, kuna ühekordselt suleti mitteaktiivsed kontod, mis polnud kahe aasta jooksul kasutust leidnud ja mida polnud klientidel huvi avatuna hoida. Samal ajal lisandus uusi kliente üle 3800 ja panga arveldavate klientide arv kasvas 1100 kliendi võrra. August oli panga jaoks hea laenu uusmüügi kuu, laenuportfelli kvaliteet püsib tugev. Koos äritegevuse üleviimisega võttis Ühendkuningriigi LHV Bank kasutusele uue panga tuumsüsteemi. Kuu lõpus alustati hoiuste kaasamist Raisin UK platvormi kaudu ning võeti kasutusele ka uus laenusüsteem. LHV Bank kasvatas augustis laenuportfelli 8 miljoni euro võrra. LHV Varahalduse juhitavate fondide maht ületas augustis 1,5 miljardi euro piiri. Ettevõtte tulud, tegevuskulud ning ka puhaskasum vastasid suures osas plaanile, ettevõtte käekäiku mõjutab turgude volatiilsus. LHV Kindlustus sõlmis augustis 13 900 kindlustuslepingut mahuga 2,3 miljonit eurot. Kahjujuhtumeid registreeriti 5300 ning kahjusid hüvitati 1,4 miljoni euro summas. Teenitud preemiad jätkavad stabiilset kasvu. Seoses senise veebruaris avaldatud finantsplaani edestamisega avaldas LHV 7. septembril uuendatud 2023. aasta finantsplaani. Nii tulud kui ka kulud olid augusti lõpuks uuendatud finantsplaaniga kooskõlas, kasum mõnevõrra plaani edestamas. AS-i LHV Group aruanded on saadaval aadressil: https://investor.lhv.ee/aruanded (https://www.globenewswire.com/Tracker?data=iYaSPxbsmpfmDNHXQZXRauTA7HF7zkIRKkC5 ZCtrhMX40cTdrph9k0u69WbX0tOvlhSk698Nyb8veiOY- BKOdDApnFihSmwrZQUS7u9GRMlleEqcTO1a- _5Ojp3RBj4irqkx_NZy2_mVz01c6lLCtzWYBz0lKx7nnrx3gPDJIWPidKr1EUzvTczgzcEWGZDuOXEwp YWNntpGZ4Is_HerSfg5hQ25mRdz6k-kW0b- yQcqgHFEsmbd4ubDjPktuPUwLQne8ut5gA99MsgVbhRwwiwEQ9NJ1f16xghuetKXriipRE2aYWclomHq tLaO1ByOfRU_tdMAG9M9iXN8206tdMAFQmjCWVGpDmmBrZpEpRr3DQNI- 1X1EDc_-4fXgGCG6LYHt9QM9k_RVOzKzIs--1Y8RfmVb27l8Tn1TWwdR4xnO6yKP3W8AcyBf_MA8-iQz RrSx5akU0AnnxAzUowPK2I17BUSK414Wq_GyQh-TEK2nnHoP_P60-N5gYMvzkWHCOYm6wsdJq1cwpHmX hfPKajkY7xhDYJ4sqSRg1XWQLMnwb8sbemZ5rJc54mUctAc). 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 990 inimese. LHV pangateenuseid kasutab augusti lõpu seisuga 403 000 klienti, LHV hallatavatel pensionifondidel on 127 000 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 for August 2023
Message
August for LHV was characterised by LHV Pank's active and profitable operations, and as an in-house event, the transfer of financial intermediaries' business to LHV Bank, together with the implementation of new systems. The consolidated deposits of AS LHV Group increased by EUR 152 million in August. Fixed-term deposits increased by EUR 121 million, while demand deposits increased by EUR 31 million. The consolidated loan portfolio of the Group increased by EUR 43 million in August. Retail loans increased by EUR 14 million, while corporate loans increased by EUR 29 million. The volume of funds managed by LHV increased by EUR 4 million over the month. 4.5 million payments from financial intermediary clients were processed in the course of the month. In August, the consolidated net profit of AS LHV Group was EUR 12.2 million. AS LHV Pank also earned EUR 12.2 million in net profit in August, while AS LHV Varahaldus generated EUR 88 thousand in net profit, AS LHV Kindlustus EUR 34 thousand, and LHV Bank Limited EUR 74 thousand. The Group's return on equity was 28.7%. On 22 August, the business of the UK branch of LHV Pank was successfully transferred to LHV Bank. This involved moving the servicing of pound payments for UK clients from the existing branch to the new bank. LHV Bank also took over the interfaces to the pound payment systems and the contracts related to the servicing of pound payments. Also, a part of the deposits of clients is now reflected in the balance of LHV Bank. The number of clients of LHV Pank decreased in August by 1,000, as there was a one-off closure of inactive accounts which had not been used in two years and which clients had no interest in keeping open. At the same time, 3,800 new clients joined the bank, and the number of clients using settlements increased by 1,100. August was a good month for the bank in terms of newly concluded loans; the quality of the loan portfolio remains strong. Together with the transfer of business, LHV Bank in the United Kingdom adopted a new core system for the bank. At the end of the month, they started raising deposits via the Raisin UK platform and also adopted a new loan system. LHV Bank increased its loan portfolio by EUR 8 million in August. In August, the volume of funds managed by LHV Varahaldus surpassed the EUR 1.5 billion threshold. The revenues, operating expenses and net profit of the company largely corresponded to the plan; the company's performance is affected by the volatility of markets. In August, LHV Kindlustus concluded a total of 13,900 insurance contracts, with a volume of EUR 2.3 million. 5,300 insurance cases were registered, and losses were compensated for in the amount of EUR 1.4 million. The premiums earned continue to increase steadily. In relation to surpassing the financial plan published in February, LHV published its updated Financial Plan for 2023 on 7 September. Both revenues and expenses were in accordance with the updated financial plan by the end of August, while profit was slightly ahead of the plan. To access the reports of AS LHV Group, please visit the website 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, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs over 990 people. As at the end of August, LHV's banking services are used by 403,000 clients, the pension funds managed by LHV have 127,000 active clients, and LHV Kindlustus protects a total of 160,000 clients. LHV Bank, a subsidiary of the Group, holds a banking licence in the UK and provides banking services to international financial technology companies, as well as loans to small and medium-sized enterprises. Priit Rum Communication Manager Phone: +372 502 0786 Email: [email protected] (mailto:[email protected])