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 price sensitive information
Unique data record identifier
6230
Attachments
Submission date and time
09.08.2017 08:00:00
Content of announcement in Estonian
Title
LHV Groupi 2017. aasta juuli tulemused
Message
Juulikuus LHV ärimahud kasvasid AS-i LHV Group konsolideeritud puhaskasum oli juulis 2,3 miljonit eurot: suurematest üksustest teenis pank 1,9 ja varahaldus 0,4 miljonit eurot. Grupi aktsionäride osa kasumist moodustas 2,1 miljonit eurot. LHV Groupi juhataja Madis Toomsalu kommenteeris: "Hea meel on, et kõik põhilised ärimahtude näitajad hoiuste, laenude ja fondide mahtude näol on jätkanud kasvu. Tänu tugevatele alustrendidele ja soodsale keskkonnale olid ka tulemused head, hoogu on juurde andnud suvel laiendatud sularahaautomaatide võrgustik ning pidevalt arenev mobiilipank. Kasvuga samaaegselt muutume ka efektiivsemaks, kulude suhe tuludesse on alanemas. Portfelli krediidikvaliteet on hea, põhjalikuma jälgimise all on üksikud kliendid. Lähiaja fookuses on investeeringud kliendi kasutajakogemuse edasiseks täiustamiseks, pensionifondides on rõhk kohalikel investeeringutel. Jätkuvalt oleme fokusseeritud klientidele, kes hoolivad Eesti majanduse ja Eesti kapitali heast käekäigust. Aasta seitsme kuu põhjal suudame finantsplaani täita." AS-i LHV Group aruanded on saadaval aadressil: https://investor.lhv.ee/et/aruanded/. LHV Group on suurim kodumaine finantskontsern ja kapitali pakkuja Eestis. LHV Groupi peamised tütarettevõtted on LHV Pank ja LHV Varahaldus. LHV-s töötab ligi 350 inimest ja LHV pangateenuseid kasutab üle 124 000 kliendi. LHV hallatavatel pensionifondidel on rohkem kui 178 000 klienti.
Content of announcement in English
Title
LHV Group’s results for July 2017
Message
In July LHV's business volumes grew In July, the consolidated net profit of LHV Group was EUR 2.3 million: of the major units the Bank earned EUR 1.9 million and Asset Management EUR 0.4 million. Profit belonging to group’s shareholders was EUR 2.1 million. Madis Toomsalu, CEO of AS LHV Group commented: "It is delightful that all principal indicators of business volumes have continued to grow, this includes deposits, loans and funds. Strong underlying trends and favorable environment have ensured good results, the expansion of ATM network during summer and our constantly improving mobile bank have boosted momentum. Concurrently with growth we are also improving our business efficiency, our cost to income ratio is decreasing. The credit quality of our portfolio remains good, we are keeping closer track of specific customers. Near term we are focusing on investments in perfecting customer experience and the pension funds have an emphasis on local Estonian investments. We are continually focusing on customers, that care about the development of Estonian economy and Estonian capital. Based on seven months of this year we are able to fulfill the financial plan." Reports of AS LHV Group 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 AS LHV Pank and AS LHV Varahaldus. LHV employs about 350 people and over 124,000 customers use LHV’s banking services. Pension funds managed by LHV have about 178,000 customers.