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
8072
Attachments
Submission date and time
09.06.2020 08:01:51
Content of announcement in Estonian
Title
LHV Groupi tulemused mais 2020
Message
AS LHV Group teenis 2020. aasta mais 2,8 miljonit eurot puhaskasumit. AS LHV Pank teenis 2,6 miljonit eurot ja AS LHV Varahaldus 0,3 miljonit eurot puhaskasumit. Eriolukorrast tingituna heitliku aprilli järel iseloomustas maikuud LHV jaoks ärimahtude taastumine ning mitme olulise projektiga lõpusirgele jõudmine. Suurenemas on nii laenuportfell, hoiuste maht kui ka fondide maht. Ettevõtete panganduse laenuportfell kasvas 12 miljoni euro ja jaelaenude portfell 10 miljoni euro võrra. Konsolideeritud hoiused kasvasid kuuga 159 miljoni euro võrra, sh maksevahendajate hoiused 116 miljoni euro võrra ja eraisikute hoiused 17 miljoni euro võrra. Muidu tavapäraste tulude ja kuludega kuu tulemusi mõjutas ka erakorralisest panga likviidsuportfelli ümberhindlusest tekkinud 0,3 miljoni euro suurune finantskulu. Tänu väiksematele allahindlustele 2,8 miljoni euroni ulatunud puhaskasumi tõttu edestab LHV uuendatud finantsplaani 2,6 miljoni euro võrra. LHV pensionifondidel oli mais tugev tootlus. Teise samba fondide maht kasvas mais 15 miljoni euro võrra ning aktiivsete pensioniklientide arv kasvas neljandat kuud järjest. Maikuus tutvustasime avalikult LHV rohelist tegevuskava - oleme alustanud jätkusuutliku panganduse põhimõtete rakendamist kogu ettevõtte tegevuste lõikes, samuti oleme toonud turule esimesed rohelised finantstooted: pensionifondi, kodulaenu, liisingu ja järelmaksu. Olulise uudisena alustasime mais taas Eesti residentidest eraisikutele ja Eestis registreeritud juriidilistele isikutele dollarimaksete pakkumist. Juuni alguses teatasime kahe suure projekti vahefinishist: emiteerisime pandikirju 250 miljoni euro väärtuses ning sõlmisime ostulepingu Danske Banki ettevõtete- ja avaliku sektori laenuportfelli ostuks. Pandikirjade väljastamine vähendab LHV jaoks oluliselt intressikulusid, samas kui eeldatavalt oktoobris lõpule viidav laenuportfelli ost kasvatab LHV laenumahtusid hüppeliselt 15% võrra. AS-i LHV Group aruanded on saadaval aadressil: https://investor.lhv.ee/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 470 inimest. LHV pangateenuseid kasutab rohkem kui 221 000 klienti ja LHV hallatavatel pensionifondidel on rohkem kui 178 000 aktiivset klienti. LHV Ühendkuningriigi filiaal pakub panganduse taristut enam kui 120 rahvusvahelisele finantsteenuste ettevõttele, mille kaudu jõuavad LHV makseteenused klientideni üle terve maailma. Priit Rum LHV kommunikatsioonijuht Telefon: 502 0786 E-post: [email protected] (mailto:[email protected])
Content of announcement in English
Title
LHV Group results in May 2020
Message
In May 2020, AS LHV Group earned a net profit of EUR 2.8 million. AS LHV Pank earned EUR 2.6 million and AS LHV Varahaldus EUR 0.3 million as net profit. After an unsettled April due to the emergency situation, May was characterized by recovering business volumes and moving towards the finishing line with many important projects. The loan portfolio, deposits as well as volume of funds are all increasing. Corporate loan portfolio increased by EUR 12 million and retail loan portfolio grew by EUR 10 million. Consolidated deposits increased by EUR 159 million, including payments intermediaries deposits by EUR 116 million and retail deposits by EUR 17 million. Otherwise normal month regarding revenue and expenses was influenced by the EUR 0.3 million financial expense from the revaluation of the liquidity portfolio of the bank. Because of the EUR 2.8 million profit helped along by lower impairment losses, LHV is EUR 2.6 million ahead of the financial plan. LHV pension funds performance was very good in May. The volume of second pillar funds increased by EUR 15 million in May and the number of customers increased for the fourth month in a row. In May, we introduced LHV's green action plan - we have started to implement principles for sustainable banking in all areas of the company's activity, we have also launched new green financial products: a pension fund, home loan, leasing and hire purchase. As an important event, we again started providing Estonian resident private individuals and legal entities with USD payments. In the beginning of June we have already announced reaching important milestones with two major projects: we issued covered bonds in the amount of EUR 250 million and signed an agreement to acquire Danske Bank's credit portfolio of Estonian corporate clients and the public sector. Issuing covered bonds will reduce interest expenses for LHV. Finalising the transaction to acquire the credit portfolio will presumably take place in October and will raise LHV's volume of loans by 15%. AS LHV Group reports are available at https://investor.lhv.ee/en/reports/ (https://www.globenewswire.com/Tracker?data=oYozjfI0- 5gVNiBsLFYg-7WI0s61X5APakoXSWKg5i_bQF_4VuhGY7IASXyFhN1KKl0_CBEH- C6OAPKvZQIMxIfufoFyZ58cvqMmxrDK5DVpGZRnN3LCB1GkvZcKbvB2). 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 about 470 people. LHV's banking services are used by more than 221,000 clients, and pension funds managed by LHV have over 178,000 active clients. Additionally, LHV's UK branch offers banking infrastructure to more than 120 financial service providers, that in turn intermediate LHV's payment services to their customers around the world. Priit Rum Communication Manager Phone: +372 502 0786 Email: [email protected] (mailto:[email protected])