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

8256

Submission date and time

15.09.2020 08:00:00

Content of announcement in Estonian

Title

LHV Groupi tulemused augustis 2020

Message

AS LHV Group teenis augustis 4,3 miljonit eurot puhaskasumit, sh teenis AS LHV
Pank 4,1 miljonit eurot puhaskasumit ja AS LHV Varahaldus 0,4 miljonit eurot.

Augustis jätkas LHV aktiivselt ärimahtude kasvatamisega ja see paistis eelkõige
silma hulga uute klientide lisandumisest. Pangaga liitus enam kui 3500 uut
klienti ning Varahaldus sai juurde ligi 1300 aktiivset pensionikogujat. Lisaks
klientide aktiivsusele mõjutasid kuutulemust vähenenud kulud ja laenude
allahindlused, samuti fondide tulemuslikkus, näiteks on LHV pensionifond
Roheline olnud viimastel kuudel Eesti aktiivselt juhitud fondidest tootlikuim.

Eeldatust parema majanduskonjunktuuri tulemusel edestab LHV kevadist
finantsplaani nii hoiuste-, laenu- kui ka fondide mahu osas. Puhaskasumi
arvestuses edestab ettevõte finantsplaani 8,0 miljoni euro võrra. Finantsplaani
uuendamine otsustatakse oktoobri alguses, kui hakkavad lõppema esimesed kevadel
antud maksepuhkused

Hoiused kasvasid kuuga 65 miljoni euro võrra, seda vaatamata kallimate
hoiuseplatvormidega kaasatud hoiuste vähenemisele 39 miljoni euro võrra.
Laenuportfell suurenes augustis 11 miljoni euro võrra, sellest enamiku moodustas
jaelaenude kasv. Laenuportfelli kasvu mõjutas tavapärasest aktiivsem
klientidepoolne laenude tagasimaksmine. Varahalduse juhitud fondide maht kasvas
kuuga 27 miljoni euro võrra. Rekordiline oli ületoodud osakute summa.

Augustis avalikustasime kavatsuse kaasata septembris allutatud võlakirjade kaudu
25-35 miljonit eurot uut kapitali. LHV on jätkamas hoogsalt ja pakub klientidele
lisaväärtust pakkuvaid teenuseid. Augustis pandi rõhku brändi tutvustamisele
reklaamikampaaniaga. Lisandusid esimese pangana virtuaalse ISIC-kaardi pakkumine
õppuritele, samas ka kontaktivaba makse võimalus Fitbiti ja Garmini seadmete
kasutajatele.

AS-i LHV Group aruanded on saadaval aadressil: https://investor.lhv.ee/aruanded/
(https://www.globenewswire.com/Tracker?data=NMr9Bg8SALcRy4d-
w2h650gTgJzZ5B_DvbqsKHT9djPd_47pfG9pDuEtd0Rp0YKpJVlmThp6RYqUxGBZr8sVaIqjtr2O-
GZJcHySPpWBBe7B1NHpphvN-
PIsFOrOJXFvv38GLlaUXbYLgVX6vhkKa3lqHNdEA_hzLr6UxpsyThtwT_X78NfpKG1BE_sFwcs-
K9JxRM3XgyL2b9ASo9v952svtUpLWq-
flZEL1I_lgb21WnxFGasbOD02yB7rl3UapqBHZNvhGxjPW2XVnlX4SqJAH7C-
hjmdwbGikfns25NXLuwt-KmY4HA9x4dUpQOi).

LHV Group on suurim kodumaine finantskontsern ja kapitali pakkuja Eestis. LHV
Groupi peamised tütarettevõtted on LHV Pank ja LHV Varahaldus. LHV-s töötab
rohkem kui 480 inimest. LHV pangateenuseid kasutab üle 231 000 kliendi ja LHV
hallatavatel pensionifondidel on üle 182 000 aktiivse kliendi. 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 for August 2020

Message

In August, AS LHV Group earned EUR 4.3 million in net profit, incl. EUR 4.1
million in net profit by AS LHV Pank and EUR 0.4 million by AS LHV Varahaldus.

LHV continued to actively grow its business volumes in August and this was
visible, above all, in the addition of a large number of new clients. More than
3,500 new clients joined the bank and Varahaldus obtained nearly 1,300 new
active pension customers. In addition to the activity of clients, the monthly
result was influenced also by decreased expenses and reduced provisions, but
also by the operating performance of funds. For example, over the past few
months, LHV Pension Fund Green has been the most productive among actively
managed funds in Estonia.

As a result of the better than expected economic situation, LHV has outperformed
its spring Financial Plan in terms of the volumes of deposits, loans and funds.
When looking at the net profit, the company is ahead of its Financial Plan by
EUR 8.0 million. An update in the Financial Plan shall be decided upon at the
beginning of October, when the first grace periods granted in spring are going
to end.

Deposits grew by EUR 65 million during the month, despite a decline of EUR 39
million in the more expensive deposits involved via deposit platforms. In
August, the loan portfolio increased by EUR 11 million, a majority of which
resulted from an increase in retail loans. Loan portfolio growth was influenced
by more active loan repayment by clients. The volume of funds managed by
Varahaldus grew by EUR 27 million during the month. The volume of transferred
units reached a record high.

In August, we revealed our intention to involve EUR 25-35 million of new capital
through subordinated bonds in September. LHV is maintaining its momentum and
offering its clients value-added services. In August, we focused on introducing
the brand via an advertising campaign. We are the first bank in Estonia to offer
a virtual ISIC card for students, and also provided a contactless payment option
for users of Fitbit and Garmin devices.

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 more than 480 people. LHV's banking services are used by more than
231,000 clients, and pension funds managed by LHV have over 182,000 active
clients. LHV's UK branch offers banking infrastructure to 120 international
financial services companies, via which LHV's payment services reach clients
around the world.


Priit Rum
Communication Manager
Phone: +372 502 0786
Email: [email protected] (mailto:[email protected])