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
6543
Attachments
Submission date and time
13.03.2018 08:00:00
Content of announcement in Estonian
Title
LHV Groupi 2018. aasta veebruari tulemused
Message
AS-i LHV Group konsolideeritud puhaskasumiks kujunes veebruaris 1,3 miljonit eurot: suurematest üksustest teenis pank 0,8 ja varahaldus 0,5 miljonit eurot. Grupi aktsionäride osa kasumist moodustas 1,2 miljonit eurot. LHV Groupi juhataja Madis Toomsalu kommenteeris: „Veebruar oli LHV jaoks keskpärane kuu. Panga klientide arv kasvas 1800 võrra, mis lühemat kuud arvestades on hea tulemus. Samas mõjutasid grupi kasumit lisaks lühemale kuule pensionifondide valitsemistasu alanemine 6% võrra ning panga tavapärasest suuremad allahindlused, mis olid peamiselt seotud IFRSi mudelipõhiste allahindluste muutustega. Varasemalt mainitule muudab IFRSi-põhine arvestus allahindluste kajastamise senisest kõikuvamaks. Oluline on siiski, et seejuures on LHV krediidiportfell tugev, põhjalikuma jälgimise all on vaid üksikud kliendid. LHV Pank on kiiresti kasvav, mistõttu suurendasime veebruaris panga aktsiakapitali 10 miljoni euro võrra. Peamiselt on selle eesmärgiks laenuportfellide kasvu toetamine. Veebruaris teavitasime avalikkust, et Ühendkuningriigi Finantsjärelevalve amet andis LHV Pangale loa Ühendkuningriigis filiaali avamiseks. Ühtlasi avaldasime veebruaris ka LHV 2018. aasta finantsplaani ja 5 aasta prognoosi. Teistest olulistest sündmusest valis Euromoney LHV privaatpanganduse Eesti parimaks.“ 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 üle 360 inimest ja LHV pangateenuseid kasutab üle 135 000 kliendi. LHV hallatavatel pensionifondidel on üle 176 000 aktiivse kliendi. Priit Rum LHV kommunikatsioonijuht Telefon: 502 0786 E-post: [email protected]
Content of announcement in English
Title
LHV Group’s February results 2018
Message
In February, the consolidated net profit of LHV Group amounted to EUR 1.3 million: of the major units the Bank earned EUR 0.8 million and Asset Management EUR 0.5 million. Net profit attributed to the group’s shareholders was EUR 1.2 million. Comments by Madis Toomsalu, CEO of LHV Group: " February was an average month for LHV. The number of bank customers grew by 1800, which, given the shorter months, is a good result. At the same time, the group's profit in addition to the shorter month was affected by pension funds management fees decrease of 6% and by above average credit impairments due to changes in the model based impairment calculation according to IFRS. As said in past the new IFRS impairment calculation is more volatile. It is important, however, that LHV credit portfolio is strong, only some individual customers are under more thorough monitoring. LHV Pank is growing rapidly and because of that the bank's share capital was increased by EUR 10 million in February. This is mainly aimed at supporting the growth of credit portfolios. In February, we announced that the United Kingdom Financial Supervision Authority granted LHV Bank permission to open a branch in the United Kingdom. Also, LHV published its financial plan for 2018 and 5 year financial forecast in February. From other important events, Euromoney voted LHV Bank the best private banking service provider in Estonia.” 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 over 360 people and over 135,000 customers use LHV’s banking services. Pension funds managed by LHV have over 176,000 active customers. Priit Rum Communication Manager Phone: +372 502 0786 Email: [email protected]