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
8011
Attachments
Submission date and time
12.05.2020 08:00:00
Content of announcement in Estonian
Title
LHV Groupi tulemused aprillis 2020
Message
AS LHV Group teenis 2020. aasta aprillis 1,6 miljonit eurot puhaskahjumit. AS-i LHV Pank kahjum oli sellest 2,1 miljonit eurot ja AS LHV Varahaldus teenis 0,5 miljonit eurot puhaskasumit. Aprilli tulemusi mõjutas suuresti eriolukorrast tingitud majanduskeskkonna halvenemine, kuna suures osas makromajanduse negatiivsema väljavaate tõttu suurendas pank laenukahjumite reservi ja allahindluste kulu ulatus 5,6 miljoni euroni. Tegemist on mudelipõhiselt hinnatavate allahindlustega, kuivõrd tegelik krediidiportfell on püsinud tugevana. Ettevõtete laenuportfelli üle 30-päevaste võlgnevuste osakaal oli aprilli lõpu seisuga 0,3%. Seejuures moodustati allahindlusi 1,2 miljoni euro võrra vähem kui aprillis avaldatud finantsplaanis. Ärimahud jätkasid kasvu, kuna hoiuste maht kasvas aprillis 84 miljoni euro võrra ja ületas esimest korda 3 miljardi euro piiri. Grupi laenuportfell kasvas 7 miljoni euro võrra 1,75 miljardi euroni. LHV juhitud fondide maht kasvas 59 miljoni euro võrra 1,4 miljardi euroni. Panga klientide arv kasvas korralikult enam kui 2900 kliendi võrra. Eriolukorra ajal on LHV võimaldanud keerulisse olukorda sattunud laenuklientidele maksepuhkuseid, tasuta, muid tingimusi muutmata. Aprilli lõpu seisuga oli antud 2346 maksepuhkust (nendest kolmandik ettevõtetele) kokku 178 miljoni euro väärtuses laenudele (80% sellest ettevõtete laenud). Seoses majanduskeskkonna järsu muutusega avalikustas LHV Group aprillis uuendatud finantsplaani käesolevaks aastaks. Võrreldes veebruaris avaldatud plaaniga vähendati ärimahtude kasvu, suurendati oluliselt laenuallahindluste mahtu ning langetati kasumiprognoosi. Aprilli lõpu seisuga edestab AS LHV Group finantsplaani puhaskasumi osas 1,9 miljoni euro võrra. Lisaks liiguti aprillis plaanipäraselt edasi hüpoteekpandikirjade emissiooni ettevalmistustega ning kahjukindlustusseltsi LHV Kindlustus loomisega. AS-i LHV Group aruanded on saadaval aadressil: https://investor.lhv.ee/et/aruanded (https://www.globenewswire.com/Tracker?data=rkYTDf659HmHk- gc6FyzGgMfV1kbFrCGBeKGxKZhLtMSbgZg_wt3Gc4BcQo5KOS5qWY8KgLMaIBLTSDSWfAIkN9sytoDSN tx7VhKKmBKG4LGvXCp9xO9TVzkB0lSpWnA2S1Eh9SeAWkYjXYgz0yU_ozsGSiuC5lskI6- FTjs_icAdu0d5fLTHLWS-r99FroA2lygfW-AqZFXe2GS0JLSCQg-R_HUcfIYduYARpSj7ndBe- weLlpiUwWApccjillvOb4HJEJio60SJL- w5ZnE9Abgm_8KIAR48qKpDIXGuolDKOSjClS9K9rB36tOOlgGUbl5exZ53mTL1Ys4W-Wk- gyM78vKFNgJQBVEJOe_CDuW2Q5MNT8xb4eJZ- 16NJcecPJR0Z3vwDRhmURslxaczdv1c8VbdXmmNu23s5pSh9_Db8KloMMCQBowpp3hIa7MtrgYQmWrTy 9t6Sd46TJGJIq2y9ZB0ojNKD3iZqV0k920ALkC1vDsEfq8QEkwBhzjluLtmDiUYm5F5vSangKeDPoJJu wf_Pc6b9xfmlW1yCK_tyHtLjhaZc_N-pkl59Mlt5AUaJ84v9x88iQTB5BBWV3ZIg- WaBz0BU4J44Qhp4BYBGFLfRWaibW27PGEa5g82ipB8yInLAaeMoz9TKiH6_csmhIlzJOc4dXXW65dYiQ 4ZmaQwPvQ- 2WfbKqBDO8XbyWHsSeEishbnU4nq3GlwqkFxS0cW9iOFVgfIxl8FzDiUnFGJRG52XDKJv5VtQPgvX6ij 8J8PdXpmjEyCvwLDi4z2fvd9f1jBtWvZWQfN5w_LZCD0IjyUSfxFWVTZ9OGt9j57CBTncZEPY3x950F_ 8sCFTssYqeA3dIyEU9BuU5RS2xeA9qydT5FBi-tnJObj73FdUjhXV- uEJFYPD2kjNX7HNREnwXROo8aBgtMKun0w- 1BjGGq1LffoqxqPQByPe10Mc8KCQ2QuWk3WtgA4cUGXGKSWoG1K21Tj6HRO1ctuXk4cp31dRLX9UHh94 MQV0Hjx_6Uhrj2Py8w-4PI6TKQwNB4owd7XClNR0W- pGep8JHL1piK8tpjimUVakItOLEYbBCfko05vrNh-cT5vNSX_q-iJuYRQtPCoWItbI- G4B90SbsALFmPAQLEJu1tfwUFX6VY7mdVMmEcJ3VW0xXXqfjcG9DOvxq6fJS9jVQfrVxMfO7jn2ixSsV fkQL1UQsQMZysSTMvDbmlsCafvPnIA9VZLZBeeIm0bdsHT7ojy4Z7ubD_ISx3J-N0mmSfYJ8A- uqFglTLyIoUnpnipPQTLOYBz- QgsvKTsdRxzD0kR1dBlfLJJs9UzROwXLu5RgjmK8QPRgSI1G5M3HvkCA3eGLx0YmYsz0Yb7IbLuZV32V C8e8t0uKFv8_kV-7qf8OnDMZQP- aLJ8aTSho9wW2aUDVXAPTR3LuXk0KEXxp8fwTsaSfxO5pOgrRtaXy5fmNxxybjxmVOUsgN0hNMiLwtlo s3mpRschF3dmsQgqpWXE4jFcBpT6P7ccAkRovTGXJd- Fexa6QCg7CXQ8QcziMLnzE8AnOeY8SwTk3LVAIyvhvxSF6q_kO7VVbVnWnD4nDNZiJUGVCnQp1MKfgo2 7yIrL_16x2w-wBHI6DTMoDvdEAFqv0SYG4QTGZMN0HN- jIBnY2x_wSqQXgTDMVDTuXubbxYueOLrUuiHgQnigIriZajew7qWa_749-Imduj0t9- EIsM7sNbHSwAbw4IrEinLxy- 6oGyOOYzBheklzNQedv5h69iA3fvpWDTQCQ2gmXuEACBheB6iSDeeejNj6bR6efQBWCvKSDImQo04suA 3hPmxZqeWkRhKEvsuM5FzEXKjzn7YyuX3oo76qfGHJTFsk6eXefjodywHT5cXQPwWtibcZgfFvN7xp_a FW9XmKhzzlm_2BmaCbDtU9yrkMe23SDo9AHvhTZI1yB9wRelQCq9_toG_7_d0ZhbXw5TAiIKnKmxqKsU wgVDv98kvZcglgBSU3E6aDNeQLzopNZ3EQrxXgdJfLx5Ve). LHV Group on suurim kodumaine finantskontsern ja kapitali pakkuja Eestis. LHV Groupi peamised tütarettevõtted on LHV Pank ja LHV Varahaldus. LHV-s töötab üle 460 inimese. LHV pangateenuseid kasutab üle 219 000 kliendi ja LHV hallatavatel pensionifondidel on ligi 178 000 aktiivset klienti. Priit Rum LHV kommunikatsioonijuht Telefon: 502 0786 E-post: [email protected] (mailto:[email protected])
Content of announcement in English
Title
LHV Group results in April 2020
Message
In April 2020, AS LHV Group earned EUR 1.6 million in net loss. The loss of AS LHV Pank made up EUR 2.1 million of it and AS LHV Varahaldus earned EUR 0.5 million in net profit. The April results were influenced to a large extent by the deteriorating economic situation resulting from the emergency situation, as the bank increased the loan impairment reserve and the impairment loss amounted to EUR 5.6 million largely due to a more negative outlook of the macro-economy. These are model- based impairments, insofar as the actual credit portfolio has remained strong. The share of debts in the corporate loan portfolio, overdue for more than 30 days, was 0.3% as at the end of April. Whereas the actual amount of allowances was EUR 1.2 million less than in the financial plan published in April. Business volumes continued to grow, as the deposit volume increased by EUR 84 million in April, exceeding the threshold of EUR 3 billion for the first time. The group's loan portfolio increased by EUR 7 million, to EUR 1.75 billion. The volume of the funds managed by LHV grew by EUR 59 million, to EUR 1.4 billion. The number of clients of the bank had a decent rise of more than 2,900 clients. During the state of emergency, LHV has granted grace periods free of charge and without changing other conditions to clients who have found themselves in a complicated situation. As at the end of April, the bank had granted a grace period on 2,346 occasions (one-third of them to companies) to loans totalling EUR 178 million (80% being corporate loans). Due to the sharp change in the economic environment, LHV Group revealed an updated financial plan for the current year in April. Compared to the plan published in February, the volume of business growth was cut down, the volume of loan impairment was increased significantly and the profit forecast was lowered. At the end of April, AS LHV Group exceeds its financial plan in terms of net profit by EUR 1.9 million. Furthermore, in April the group proceeded with the preparations for the issue of mortgage covered bonds and foundation of the insurance undertaking LHV Kindlustus. AS LHV Group reports 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 LHV Pank and LHV Varahaldus. LHV employs over 460 people. LHV's banking services are used by 219,000 clients, and pension funds managed by LHV have 178,000 active clients. Priit Rum Communication manager Phone: +372 502 0786 Email: [email protected] (mailto:[email protected])