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
9959
Submission date and time
22.11.2022 08:00:00
Content of announcement in Estonian
Title
LHV siirdub Euroopa Keskpanga otsese järelevalve alla
Message
Euroopa Keskpanga järelevalvenõukogu andis teada, et nimetas AS-i LHV Group oluliseks finantsvaldusettevõtteks ning võtab 1. jaanuarist 2023 nii AS-i LHV Group kui ka tütarettevõtte AS-i LHV Pank oma otsese järelevalve alla. Seni teostas järelevalvet LHV üle Eesti Finantsinspektsioon. Euroopa Keskpank teostab pädeva asutusena otsest järelevalvet krediidiasutuste üle, mis on ühtse pangandusjärelevalve määruse kriteeriumite kohaselt olulised. Krediidiasutuste olulisus määratakse kindlaks vastavalt ühtse pangandusjärelevalve määruse artikkel 6 kriteeriumitele, võttes arvesse krediidiasutuse varade koguväärtust, tähtsust asukohariigi või kogu Euroopa Liidu majanduse seisukohalt, krediidiasutuse piiriülese tegevuse olulisust ning ka seda, kas krediidiasutus on taotlenud või saanud Euroopa abimehhanismidest finantsabi. Oma otsuses hindas Euroopa Keskpank, et LHV-l on oluline roll Eesti kui liikmesriigi majanduses, ning grupi varade maht moodustas enam kui 20% Eesti sisemajanduse koguproduktist. LHV Group on suurim kodumaine finantskontsern ja kapitali pakkuja Eestis. LHV Groupi peamised tütarettevõtted on LHV Pank, LHV Varahaldus ja LHV Kindlustus. Grupi ettevõtetes töötab üle 860 inimese. LHV pangateenuseid kasutab oktoobri lõpu seisuga 369 000 klienti, LHV hallatavatel pensionifondidel on 130 000 aktiivset klienti ja LHV Kindlustusega on kaitstud 150 000 klienti. LHV Ühendkuningriigi filiaal pakub panganduse taristut enam kui 200 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 will become a subject to direct supervision by the ECB
Message
The Governing Council of the European Central Bank (ECB) has notified that it has designated AS LHV Group as a significant financial holding company and will subject both AS LHV Group and its subsidiary AS LHV Pank to its direct supervision starting from 1 January 2023. So far, LHV is supervised by the Estonian Financial Supervision and Resolution Authority. As a competent authority, the ECB exercises direct supervision over credit institutions that are significant according to the criteria of the Single Supervisory Mechanism Regulation. The significance of credit institutions is determined according to the criteria set forth in Article 6 of the Regulation, taking into consideration the total value of the credit institution's assets, its importance for the economy of their state of location or the European Union as a whole, the significance of cross-border activities as well as whether the credit institution has requested or received financial assistance from the European aid mechanisms. In its decision, the ECB assessed that LHV plays a significant role in the economy of Estonia and the group's assets accounted for more than 20% of Estonia's gross domestic product. 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 860 people. As at the end of October, LHV's banking services are used by 369,000 clients, the pension funds managed by LHV have 130,000 active clients, and LHV Kindlustus protects a total of 150,000 clients. LHV's UK branch offers banking infrastructure to 200 international financial services companies, via which LHV's payment services reach clients around the world. Priit Rum LHV Communication Manager Phone: +372 502 0786 Email: [email protected] (mailto:[email protected])