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
9878
Submission date and time
17.10.2022 16:30:00
Content of announcement in Estonian
Title
LHV UK viis lõpule Bank Northi äritegevuse ostutehingu
Message
AS-i LHV Group tütarettevõte LHV UK Limited ja Ühendkuningriigi krediidiasutus Bank North Limited viisid täna, 17. oktoobril 2022 lõpule tehingu, millega LHV UK omandas Bank Northi väike- ja keskmise suurusega ettevõtete (VKE) laenutegevuse. Tehingu lõplikuks hinnaks kujunes 19,7 miljonit naela. See hõlmab endas VKE laenuportfelli mahus ligikaudu 17,9 miljonit naela, 20 töötajat, kliendisuhete ja laenuportfelli juhtimiseks mõeldud infotehnoloogia süsteemi ning koostöösuhteid maakleritega. Toimiva äritegevuse omandamine tähendab, et hetkel veel pangalitsentsi taotlev LHV UK siseneb Ühendkuningriigi VKE laenuturule ja hakkab soetatud laenuportfellist kohe ka intressitulu teenima. VKE laenude väljastamiseks peab LHV UK registreerima ennast ka Annex 1 finantsinstitutsioonina. Tehingu täpsem pikaajaline mõju kajastub LHV Groupi 2023. aasta veebruaris avaldatavas finantsplaanis. LHV UK teavitas kavatsusest osta Bank Northi äritegevus 11. oktoobri 2022 börsiteates (https://view.news.eu.nasdaq.com/view?id=b0c562c8bbc98c3b01af16262dd318e3a&lang= et), milles avaldatuga võrreldes tehingu lõpule viimisel sisulisi muudatusi ei tehtud. LHV Group on suurim kodumaine finantskontsern ja kapitali pakkuja Eestis. LHV Groupi peamised tütarettevõtted on LHV Pank, LHV Varahaldus ja LHV Kindlustus. LHV ettevõtetes töötab üle 820 inimese. LHV pangateenuseid kasutab augusti seisuga 359 000 klienti, LHV hallatavatel pensionifondidel on 132 000 aktiivset klienti ja LHV Kindlustusega on kaitstud 149 000 klienti. LHV Ühendkuningriigi filiaal pakub panganduse taristut enam kui 200 rahvusvahelisele finantsteenuste ettevõttele, mille kaudu jõuavad LHV makseteenused klientideni üle terve maailma. Marthi Lepik LHV kommunikatsioonispetsialist Telefon: 5666 2944 E-post: [email protected] (mailto:[email protected])
Content of announcement in English
Title
LHV UK completed the purchase transaction of Bank North's business activities
Message
LHV UK Limited, a subsidiary of AS LHV Group, and Bank North Limited, a UK credit institution, completed today, on 17 October 2022, a transaction whereby LHV UK acquired Bank North's small and medium-sized enterprise (SME) lending business. The final price of the transaction amounted to 19.7 million pounds. This includes an SME loan portfolio of approximately 17.9 million pounds, 20 employees, an IT system for client relations and loan portfolio management, and cooperative relationships with brokers. The acquisition of a functioning business means that LHV UK, which is currently in the process of applying for a banking licence, will enter the UK SME lending market and will immediately start to generate interest income from the acquired loan portfolio. In order to issue SME loans, LHV UK must also register as an Annex 1 financial institution. The more specific long-term impact of the transaction will be reflected in LHV Group's financial plan to be published in February 2023. LHV UK announced its intention to acquire the business of Bank North in a stock exchange announcement dated 11 October 2022 (https://view.news.eu.nasdaq.com/view?id=b0c562c8bbc98c3b01af16262dd318e3a&lang= et), which did not contain any substantive changes to the closing of the transaction. LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group's key subsidiaries are LHV Pank, LHV Varahaldus, and LHV Kindlustus. The Group employs more than 820 people. As of August, LHV's banking services are used by 359,000 clients, the pension funds managed by LHV have 132,000 active clients, and LHV Kindlustus protects a total of 149,000 clients. LHV's UK branch offers banking infrastructure to 200 international financial services companies, via which LHV's payment services reach clients worldwide. Marthi Lepik Communications Specialist Phone: +372 5666 2944 Email: [email protected] (mailto:[email protected])