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
7873
Submission date and time
18.03.2020 16:32:10
Content of announcement in Estonian
Title
LHV Pank sai loa emiteerida pandikirju
Message
AS LHV Pank sai Euroopa Keskpangalt Eesti Finantsinspektsiooni ettepanekul loa väljastada pandivõlakirju. LHV alustas kodulaenude väljastamist 2016. aastal, kuid pandivõlakirjade emiteerimiseks piisav maht eluasemelaenuportfellist tekkis alles Danske Bank A/S-i eraisikute laenuportfelli ostu järgselt. Pank jätkab pandivõlakirjadele reitingu taotlemist ja emissiooni ettevalmistamist, mille lõplik toimumise aeg sõltub ka turuolukorrast. Pandikirju on LHV Pangal plaanis pakkuda suunatud pakkumisel Euroopa institutsionaalsetele investoritele. Pandivõlakirjad aitavad oluliselt kaasa LHV Panga finantseerimisstruktuuri kujundamisele. Kuigi LHV on alati hoidnud konservatiivset joont likviidsuse juhtimisel - hoiuste maht ületab laenuportfelli mahtu pea kaks korda - annavad pandikirjad võimaluse finantseerimist mitmekesistada ja kulusid vähendada. Eluasemelaenud on väga pikaajalised ja nõuavad seepärast stabiilset finantseerimisallikat. Eluasemelaenude tagatisel väljastatavate pandikirjadega kaasatava kapitali arvel saab vähendada seniseid hoiuseplatvormide kaudu kaasatud kallimaid lühemaajalisi hoiuseid. Ühtlasi toob see pikemas vaates kaasa soodsama rahastamise klientidele. Pandikirjade tähtsus seisneb ka selles, et need annavad LHV-le võimaluse kaasata välist rahastust ka keerulisematel aegadel, sest võimaldavad pakkuda investoritele parimat võimalikku riskitaset. Samuti annavad pandikirjad LHV-le võimaluse kasutada Euroopa keskpanga poolseid likviidsuspakkumisi. LHV Group on suurim kodumaine finantskontsern ja kapitali pakkuja Eestis. LHV Groupi peamised tütarettevõtted on LHV Pank ja LHV Varahaldus. LHV-s töötab üle 450 inimese. LHV pangateenuseid kasutab 212 000 klienti ja LHV hallatavatel pensionifondidel on 177 000 aktiivset klienti. Priit Rum LHV kommunikatsioonijuht Telefon: 502 0786 E-post: [email protected] (mailto:[email protected])
Content of announcement in English
Title
LHV Pank granted authorisation to issue covered bonds
Message
On the proposal of the Estonian Financial Supervision Authority, AS LHV Pank has been granted an authorisation by the European Central Bank to issue covered bonds. LHV began issuing home loans in 2016, although sufficient volume for issuing covered bonds was only achieved following the acquisition of the private customer loan portfolio of Danske Bank A/S. The bank will now continue making preparations for obtaining a credit rating for the covered bonds and to executing the bond issue, subject to the market situation. LHV Pank is planning to offer covered bonds to European institutional investors. Covered bonds will contribute significantly to the improvement of the funding structure of LHV Pank. While LHV has always maintained a conservative position regarding liquidity management - with deposits being nearly double the volume of the loan portfolio - covered bonds offer an opportunity to diversify funding and reduce costs. Home loans are very long-term and therefore require a stable source of funding. The cost of more expensive shorter term deposits, which were raised through deposit platforms, can be reduced by issuing covered bonds that are secured by home loans. In the long run, this will also lead to more favourable cost of financing for clients. The importance of covered bonds also lies in the fact that they provide LHV with the opportunity to include outside financing during more complicated periods, as they provide the best possible level of risk to investors. Covered bonds also provide LHV with the opportunity to use liquidity offers from the European Central Bank. 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 450 people. LHV's banking services are used by 212,000 clients, and pension funds managed by LHV have 177,000 active clients. Priit Rum Communication Manager Phone: +372 502 0786 Email: [email protected] (mailto:[email protected])