News
LHV Secures UK Banking Licence from the PRA
LHV Bank, a leading provider of Banking Services and SME Lending solutions, announces it has been authorised as a credit institution by the Prudential Regulation Authority (PRA), becoming the first institution to receive a banking licence without restrictions in 2023.
Read moreLHV UK joins TIPS to improve access to instant Euro payments
London, 17 November: LHV UK, a leading banking services provider to over 200 fintech companies, joined the TARGET Instant Payment Settlement (TIPS) system to improve access to real-time Euro payments in countries where the scheme is not yet widely accepted.
Read moreLightyear chooses LHV to power instant EUR payments
London, 9 November 2022: LHV, a leading banking services provider to over 200 fintech and crypto companies, is pleased to announce a partnership with Lightyear, the European investment platform founded by two early Wise employees. LHV will provide Lightyear with real-time EUR payments and other banking services.
Read moreLHV Secures UK Banking Licence from the PRA
03.05.2023LHV Bank, a leading provider of Banking Services and SME Lending solutions, announces it has been authorised as a credit institution by the Prudential Regulation Authority (PRA), becoming the first institution to receive a banking licence without restrictions in 2023.
Read moreLHV UK joins TIPS to improve access to instant Euro payments
17.11.2022London, 17 November: LHV UK, a leading banking services provider to over 200 fintech companies, joined the TARGET Instant Payment Settlement (TIPS) system to improve access to real-time Euro payments in countries where the scheme is not yet widely accepted.
Read moreLightyear chooses LHV to power instant EUR payments
09.11.2022London, 9 November 2022: LHV, a leading banking services provider to over 200 fintech and crypto companies, is pleased to announce a partnership with Lightyear, the European investment platform founded by two early Wise employees. LHV will provide Lightyear with real-time EUR payments and other banking services.
Read moreLHV UK joins TIPS to improve access to instant Euro payments
London, 17 November: LHV UK, a leading banking services provider to over 200 fintech companies, joined the TARGET Instant Payment Settlement (TIPS) system to improve access to real-time Euro payments in countries where the scheme is not yet widely accepted.
Read moreLightyear chooses LHV to power instant EUR payments
London, 9 November 2022: LHV, a leading banking services provider to over 200 fintech and crypto companies, is pleased to announce a partnership with Lightyear, the European investment platform founded by two early Wise employees. LHV will provide Lightyear with real-time EUR payments and other banking services.
Read moreLHV UK joins Bacs Payment System
London, 26 October 2022: LHV Bank (‘LHV’ or the ‘Company) announces that it has joined Bacs, the bank-to-bank transfer system which enables Bacs Direct Credit and Direct Debit payment services.
Read moreLHV UK plans to acquire Bank North’s SME lending business
London, 11 October 2022: LHV UK (the ‘Company’) announces that it has agreed on commercial terms to acquire Bank North’s Small Medium Enterprise (‘SME’) lending business. This transaction enables the Company to accelerate its strategy to expand to servicing SMEs. Powered by 14 years of consecutive growth, lending to SMEs has been one of the core business areas for LHV Group (the ‘Group’), LHV UK’s parent company and an investor in Bank North.
Read moreSingle.Earth chooses LHV UK as a banking partner to gain access to real-time payments
London, 30 August 2022: LHV UK (or the ‘Company’), a leading banking services provider to over 200 fintech and crypto companies, is pleased to announce that Single.Earth, an EQT-backed startup tokenising nature, chose LHV UK as its banking partner to gain access to real-time EUR payments and other banking services.
Read moreLHV Group unaudited results for Q2 and 6 months of 2022
AS LHV Group generated a consolidated net profit of EUR 14.0 million in Q2 of 2022. Within the quarter, the Bank earned EUR 16.9 million in net profit, of which EUR 2.1 million was from servicing clients related to the United Kingdom branch. Within the quarter, Varahaldus incurred a net loss of EUR 234,000 and Kindlustus incurred a net loss of EUR 235,000. LHV UK Limited incurred a loss of EUR 2.1 million. The Group’s return on equity in Q2 was 15.3%.
Read moreEuromoney selected LHV as the best bank in Estonia for 2022
The leading international economic magazine Euromoney has named LHV Bank the best bank in Estonia for the fifth consecutive year
Read moreLHV UK appoints Sally Veitch to its Board of Directors
London, 16 June 2022: LHV UK Limited (‘LHV UK’ or the ‘Company), a leading banking services provider to over 200 fintech and crypto companies, is pleased to announce that Sally Veitch has been appointed to its board of directors as an Independent Non-Executive Director (‘NED’) from 1 July 2022. Sally will Chair the Audit Committee and sit on the Risk Committee and the Remuneration Committee.
Read moreLHV UK launches Confirmation of Payee to help tackle APP fraud
London, 14 June 2022: LHV UK (or the ‘Company), a leading banking services provider to over 200 fintech and crypto companies, is pleased to announce its Confirmation of Payee (‘CoP’) service is now live for all its direct clients.
Read moreLHV UK secures £30 million (€35m) part of UK banking licence application process
London, 7 June 2022: LHV UK (or the ‘Company’), a leading banking services provider to over 200 fintech and crypto companies which is in the process of applying for a UK banking licence, is pleased to announce that its parent company, LHV Group, has successfully raised €35 million (£30m) via an oversubscribed rights issue (the ‘Fundraise’). A portion of the proceeds of the Fundraise will be used to capitalise the new UK bank, which is a key step in the banking licence application process. LHV Group is listed on the Nasdaq Baltic and is the largest domestic financial group in Estonia.
Read moreFintech focused LHV UK bank opens its second UK hub in Leeds
London, 26 May 2022: LHV UK (or the ‘Company), a leading banking services provider to over 200 fintech and crypto companies, is pleased to announce the official opening of its second UK office in Leeds. The Company’s engineering and development teams, who will be tasked with building a proprietary online customer portal specifically tailored for the Company’s B2B fintech clients, will be based in the Leeds office.
Read moreLHV UK appoints Keith Butcher to its Board of Directors
London, 12 April 2022: LHV UK Limited (‘LHV UK’ or the ‘Company), a leading banking services provider to over 200 fintech and crypto companies, is pleased to announce that Keith Butcher has been appointed to its board of directors as an Independent Non-Executive Director (‘NED’) from 1 May 2022. Keith will be a member of the Risk Committee, Audit Committee, Remuneration Committee and Nominations Committee of LHV UK.
Read moreLHV UK Submits UK Banking Licence Application
LHV UK Limited (‘LHV UK’), payment infrastructure provider to leading financial intermediaries, announces the submission of its UK banking licence application to the regulators.
Read moreLHV Group financial results for Q4 and 12 months of 2021
In Q4 2021, AS LHV Group earned EUR 19.3 million in consolidated net profit. AS LHV Pank earned EUR 18.6 million in net profit, of which EUR 3.7 million was from servicing clients related to the United Kingdom branch. AS LHV Varahaldus earned EUR 3.0 million in net profit. AS LHV Kindlustus earned EUR 0.2 million in net loss. LHV UK Limited earned EUR 1.4 million in net loss. The Group’s return on equity in Q4 was 25.7%.
Read moreLHV UK joins TIPS to improve access to instant Euro payments
17.11.2022London, 17 November: LHV UK, a leading banking services provider to over 200 fintech companies, joined the TARGET Instant Payment Settlement (TIPS) system to improve access to real-time Euro payments in countries where the scheme is not yet widely accepted.
Read moreLightyear chooses LHV to power instant EUR payments
09.11.2022London, 9 November 2022: LHV, a leading banking services provider to over 200 fintech and crypto companies, is pleased to announce a partnership with Lightyear, the European investment platform founded by two early Wise employees. LHV will provide Lightyear with real-time EUR payments and other banking services.
Read moreLHV UK joins Bacs Payment System
26.10.2022London, 26 October 2022: LHV Bank (‘LHV’ or the ‘Company) announces that it has joined Bacs, the bank-to-bank transfer system which enables Bacs Direct Credit and Direct Debit payment services.
Read moreLHV UK plans to acquire Bank North’s SME lending business
11.10.2022London, 11 October 2022: LHV UK (the ‘Company’) announces that it has agreed on commercial terms to acquire Bank North’s Small Medium Enterprise (‘SME’) lending business. This transaction enables the Company to accelerate its strategy to expand to servicing SMEs. Powered by 14 years of consecutive growth, lending to SMEs has been one of the core business areas for LHV Group (the ‘Group’), LHV UK’s parent company and an investor in Bank North.
Read moreSingle.Earth chooses LHV UK as a banking partner to gain access to real-time payments
30.08.2022London, 30 August 2022: LHV UK (or the ‘Company’), a leading banking services provider to over 200 fintech and crypto companies, is pleased to announce that Single.Earth, an EQT-backed startup tokenising nature, chose LHV UK as its banking partner to gain access to real-time EUR payments and other banking services.
Read moreLHV Group unaudited results for Q2 and 6 months of 2022
19.07.2022AS LHV Group generated a consolidated net profit of EUR 14.0 million in Q2 of 2022. Within the quarter, the Bank earned EUR 16.9 million in net profit, of which EUR 2.1 million was from servicing clients related to the United Kingdom branch. Within the quarter, Varahaldus incurred a net loss of EUR 234,000 and Kindlustus incurred a net loss of EUR 235,000. LHV UK Limited incurred a loss of EUR 2.1 million. The Group’s return on equity in Q2 was 15.3%.
Read moreEuromoney selected LHV as the best bank in Estonia for 2022
14.07.2022The leading international economic magazine Euromoney has named LHV Bank the best bank in Estonia for the fifth consecutive year
Read moreLHV UK appoints Sally Veitch to its Board of Directors
16.06.2022London, 16 June 2022: LHV UK Limited (‘LHV UK’ or the ‘Company), a leading banking services provider to over 200 fintech and crypto companies, is pleased to announce that Sally Veitch has been appointed to its board of directors as an Independent Non-Executive Director (‘NED’) from 1 July 2022. Sally will Chair the Audit Committee and sit on the Risk Committee and the Remuneration Committee.
Read moreLHV UK launches Confirmation of Payee to help tackle APP fraud
14.06.2022London, 14 June 2022: LHV UK (or the ‘Company), a leading banking services provider to over 200 fintech and crypto companies, is pleased to announce its Confirmation of Payee (‘CoP’) service is now live for all its direct clients.
Read moreLHV UK secures £30 million (€35m) part of UK banking licence application process
07.06.2022London, 7 June 2022: LHV UK (or the ‘Company’), a leading banking services provider to over 200 fintech and crypto companies which is in the process of applying for a UK banking licence, is pleased to announce that its parent company, LHV Group, has successfully raised €35 million (£30m) via an oversubscribed rights issue (the ‘Fundraise’). A portion of the proceeds of the Fundraise will be used to capitalise the new UK bank, which is a key step in the banking licence application process. LHV Group is listed on the Nasdaq Baltic and is the largest domestic financial group in Estonia.
Read moreFintech focused LHV UK bank opens its second UK hub in Leeds
26.05.2022London, 26 May 2022: LHV UK (or the ‘Company), a leading banking services provider to over 200 fintech and crypto companies, is pleased to announce the official opening of its second UK office in Leeds. The Company’s engineering and development teams, who will be tasked with building a proprietary online customer portal specifically tailored for the Company’s B2B fintech clients, will be based in the Leeds office.
Read moreLHV UK appoints Keith Butcher to its Board of Directors
12.04.2022London, 12 April 2022: LHV UK Limited (‘LHV UK’ or the ‘Company), a leading banking services provider to over 200 fintech and crypto companies, is pleased to announce that Keith Butcher has been appointed to its board of directors as an Independent Non-Executive Director (‘NED’) from 1 May 2022. Keith will be a member of the Risk Committee, Audit Committee, Remuneration Committee and Nominations Committee of LHV UK.
Read moreLHV UK Submits UK Banking Licence Application
25.02.2022LHV UK Limited (‘LHV UK’), payment infrastructure provider to leading financial intermediaries, announces the submission of its UK banking licence application to the regulators.
Read moreLHV Group financial results for Q4 and 12 months of 2021
08.02.2022In Q4 2021, AS LHV Group earned EUR 19.3 million in consolidated net profit. AS LHV Pank earned EUR 18.6 million in net profit, of which EUR 3.7 million was from servicing clients related to the United Kingdom branch. AS LHV Varahaldus earned EUR 3.0 million in net profit. AS LHV Kindlustus earned EUR 0.2 million in net loss. LHV UK Limited earned EUR 1.4 million in net loss. The Group’s return on equity in Q4 was 25.7%.
Read moreLHV UK appoints former Coutts CEO as Non-Executive Director
London, 15 December 2021: LHV UK (‘LHV’ or the ‘Company’), banking services provider for fintech companies, is pleased to announce that Paul Horner has been appointed to the board of directors as an Independent Non-Executive Director (‘NED’) from 4 January 2022. Paul will chair the Risk and Capital Committee and be a member of the Audit and Nominations Committees of LHV UK.
Read moreLHV Pank became a direct member of the European Direct Debit Scheme
LHV became a direct member of the European Direct Debit Scheme, which means that LHV will be able to accept and send out direct debit collections in euro between all banks in the SEPA region that have joined the Scheme.
Read moreBitstamp partners with cutting-edge LHV Bank to offer crypto trading
Bitstamp, the world’s longest-running cryptocurrency exchange, has today announced it will become the main liquidity provider for LHV Bank, which starts offering cryptocurrency trading to its customers in another sign that crypto is continuing to gain notable buy-in from traditional banking and financial services.
Read moreLHV Group unaudited results for Q3 and nine months of 2021
In Q3 of 2021, AS LHV Group earned EUR 16.6 million in net profit. In this regard, AS LHV Pank earned EUR 17.1 million in net profit, with EUR 3.3 million coming from the servicing of clients associated with the United Kingdom branch. During the quarter, AS LHV Varahaldus generated EUR 0.6 million in net profit, and AS LHV Kindlustus generated EUR 0.2 million in net loss. The Group’s return on equity in Q3 was 24.3%.
Read moreResults of LHV Group public share offering
On Wednesday, 29 September 2021, the public share offering of LHV Group in the form of rights issue was concluded on the Nasdaq Tallinn Stock Exchange. All in all 9,117 investors participated in the subscription, subscribing in total EUR 49.4 million worth to the offered new shares.
Read moreLHV and eAgronom launched a carbon footprint offsetting pilot project
LHV, a bank on the path towards climate neutrality, and eAgronom, an innovative Estonian start-up company, have started a partnership whereby LHV will use eAgronom’s newly developed solution to buy carbon credits from Estonian farmers who sequester carbon dioxide from the air into the soil and thereby improve the soil quality of their fields.LHV, a bank on the path towards climate neutrality, and eAgronom, an innovative Estonian start-up company, have started a partnership whereby LHV will use eAgronom’s newly developed solution to buy carbon credits from Estonian farmers who sequester carbon dioxide from the air into the soil and thereby improve the soil quality of their fields.
Read moreLHV Group finalises investment to acquire a share in Bank North
AS LHV Group finalised an investment of £4.455 million in Bank North (previously B-North) and acquired a 9.9% share in the company after Bank North closed a successful ‘Series A’ funding round and was granted its banking licence by the UK Prudential Regulatory Authority (Authorised with Restrictions – ’AWR’).
Read moreMoody’s assigns LHV Group an investment grade issuer rating
The rating agency Moody's Investors Service assigned a Baa3 long-term local currency issuer rating to AS LHV Group, with a positive outlook. This is the first rating assigned to AS LHV Group.
Read moreLHV UK strengthens the team to support its UK banking license application, appointing a CFO, CRO and CPO
LHV UK, banking services provider for FinTech companies, is pleased to announce the appointment several senior positions: Gary Sher as the Chief Financial Officer; Assad Kazi as the Chief Risk Officer and Rebecca Wright as the Chief People Officer.
Read moreLHV Group unaudited results for Q2 2021
In the second quarter of 2021, AS LHV Group altogether earned EUR 12.9 million in consolidated net profit. Within the quarter, the bank earned EUR 16.5 million in net profit, including EUR 3.1 million from servicing clients related to the United Kingdom branch. Varahaldus generated EUR 2.3 million in net loss, and Kindlustus generated EUR 112,000 in net loss. The return on equity (ROE) of the Group was 19.7% in the second quarter.
Read moreLHV’s UK branch moved to new London office
As of today, the LHV London office is located in the newly completed Angel Court office building in London’s Bank Quarter.
Read moreLHV Group unaudited results for Q1 2021
In the first quarter of 2021, AS LHV Group altogether earned EUR 11.4 million in consolidated net profit. Within the quarter, the bank earned EUR 11.8 million in net profit, including EUR 2.2 million from servicing clients related to the UK branch. Varahaldus generated EUR 0.6 million in net loss, and Kindlustus generated EUR 0.3 million in net loss. The Group’s return on equity in Q1 was 18.2%.
Read moreLHV reduced its carbon footprint by 28% year over year
Last year, LHV joined the UN Principles for Responsible Banking, and set making its office activities climate neutral as one of its goals. Year over year, LHV reduced its greenhouse gas footprint by 28%.
Read moreLHV Group 2020 Audited Annual Report and Dividend Proposal
The AS LHV Group Supervisory Board approved the 2020 audited annual report presented by the company’s management board and will submit it to the Annual General Meeting for approval. There are no differences in the audited accounts as regards the financial results, compared to the unaudited interim report published on 9 February.
Read moreLHV Group plans to acquire a share in the financial company B-North
AS LHV Group confirmed a plan to place an investment of £4.455 million in the UK financial undertaking B-North and acquire a share of 9.9% in the company. Prerequisites for the transaction include completing the necessary investment round by the company and granting of a licence from the UK Prudential Regulatory Authority.
Read moreLHV Group financial plan for 2021 and the five-year financial forecast
AS LHV Group is hereby disclosing the financial plan for 2021 and the longer, five-year financial forecast. The aim of disclosing the financial plan is to offer investors a transparent overview of the company’s plans and growth direction. The financial plan does not include extraordinary revenues.
Read moreLHV to be announced a bank with the best service in Estonia
Every year, the customer service improvement company Dive carries out a field survey to identify banks that provide the best service. Already for the fifth time, LHV was recognised as a bank with the best service in Estonia.
Read moreLHV Group unaudited financial results for Q4 and the 12 months of 2020
In Q4 2020, AS LHV Group earned a consolidated net profit of EUR 18 million: of that, the bank earned a net profit of EUR 13 million, while EUR 1.6 million in net profit was earned from servicing clients related to the United Kingdom branch. The net profit of Varahaldus, supported by the earned performance fee, was EUR 7.1 million. The pre-tax rate of return on equity capital owned by the shareholders of LHV Group was 36.1% in Q4.
Read moreLHV UK appoints former Coutts CEO as Non-Executive Director
15.12.2021London, 15 December 2021: LHV UK (‘LHV’ or the ‘Company’), banking services provider for fintech companies, is pleased to announce that Paul Horner has been appointed to the board of directors as an Independent Non-Executive Director (‘NED’) from 4 January 2022. Paul will chair the Risk and Capital Committee and be a member of the Audit and Nominations Committees of LHV UK.
Read moreLHV Pank became a direct member of the European Direct Debit Scheme
25.11.2021LHV became a direct member of the European Direct Debit Scheme, which means that LHV will be able to accept and send out direct debit collections in euro between all banks in the SEPA region that have joined the Scheme.
Read moreBitstamp partners with cutting-edge LHV Bank to offer crypto trading
18.11.2021Bitstamp, the world’s longest-running cryptocurrency exchange, has today announced it will become the main liquidity provider for LHV Bank, which starts offering cryptocurrency trading to its customers in another sign that crypto is continuing to gain notable buy-in from traditional banking and financial services.
Read moreLHV Group unaudited results for Q3 and nine months of 2021
19.10.2021In Q3 of 2021, AS LHV Group earned EUR 16.6 million in net profit. In this regard, AS LHV Pank earned EUR 17.1 million in net profit, with EUR 3.3 million coming from the servicing of clients associated with the United Kingdom branch. During the quarter, AS LHV Varahaldus generated EUR 0.6 million in net profit, and AS LHV Kindlustus generated EUR 0.2 million in net loss. The Group’s return on equity in Q3 was 24.3%.
Read moreResults of LHV Group public share offering
30.09.2021On Wednesday, 29 September 2021, the public share offering of LHV Group in the form of rights issue was concluded on the Nasdaq Tallinn Stock Exchange. All in all 9,117 investors participated in the subscription, subscribing in total EUR 49.4 million worth to the offered new shares.
Read moreLHV and eAgronom launched a carbon footprint offsetting pilot project
13.09.2021LHV, a bank on the path towards climate neutrality, and eAgronom, an innovative Estonian start-up company, have started a partnership whereby LHV will use eAgronom’s newly developed solution to buy carbon credits from Estonian farmers who sequester carbon dioxide from the air into the soil and thereby improve the soil quality of their fields.LHV, a bank on the path towards climate neutrality, and eAgronom, an innovative Estonian start-up company, have started a partnership whereby LHV will use eAgronom’s newly developed solution to buy carbon credits from Estonian farmers who sequester carbon dioxide from the air into the soil and thereby improve the soil quality of their fields.
Read moreLHV Group finalises investment to acquire a share in Bank North
25.08.2021AS LHV Group finalised an investment of £4.455 million in Bank North (previously B-North) and acquired a 9.9% share in the company after Bank North closed a successful ‘Series A’ funding round and was granted its banking licence by the UK Prudential Regulatory Authority (Authorised with Restrictions – ’AWR’).
Read moreMoody’s assigns LHV Group an investment grade issuer rating
24.08.2021The rating agency Moody's Investors Service assigned a Baa3 long-term local currency issuer rating to AS LHV Group, with a positive outlook. This is the first rating assigned to AS LHV Group.
Read moreLHV UK strengthens the team to support its UK banking license application, appointing a CFO, CRO and CPO
16.08.2021LHV UK, banking services provider for FinTech companies, is pleased to announce the appointment several senior positions: Gary Sher as the Chief Financial Officer; Assad Kazi as the Chief Risk Officer and Rebecca Wright as the Chief People Officer.
Read moreLHV Group unaudited results for Q2 2021
20.07.2021In the second quarter of 2021, AS LHV Group altogether earned EUR 12.9 million in consolidated net profit. Within the quarter, the bank earned EUR 16.5 million in net profit, including EUR 3.1 million from servicing clients related to the United Kingdom branch. Varahaldus generated EUR 2.3 million in net loss, and Kindlustus generated EUR 112,000 in net loss. The return on equity (ROE) of the Group was 19.7% in the second quarter.
Read moreLHV’s UK branch moved to new London office
30.06.2021As of today, the LHV London office is located in the newly completed Angel Court office building in London’s Bank Quarter.
Read moreLHV Group unaudited results for Q1 2021
20.04.2021In the first quarter of 2021, AS LHV Group altogether earned EUR 11.4 million in consolidated net profit. Within the quarter, the bank earned EUR 11.8 million in net profit, including EUR 2.2 million from servicing clients related to the UK branch. Varahaldus generated EUR 0.6 million in net loss, and Kindlustus generated EUR 0.3 million in net loss. The Group’s return on equity in Q1 was 18.2%.
Read moreLHV reduced its carbon footprint by 28% year over year
15.03.2021Last year, LHV joined the UN Principles for Responsible Banking, and set making its office activities climate neutral as one of its goals. Year over year, LHV reduced its greenhouse gas footprint by 28%.
Read moreLHV Group 2020 Audited Annual Report and Dividend Proposal
02.03.2021The AS LHV Group Supervisory Board approved the 2020 audited annual report presented by the company’s management board and will submit it to the Annual General Meeting for approval. There are no differences in the audited accounts as regards the financial results, compared to the unaudited interim report published on 9 February.
Read moreLHV Group plans to acquire a share in the financial company B-North
16.02.2021AS LHV Group confirmed a plan to place an investment of £4.455 million in the UK financial undertaking B-North and acquire a share of 9.9% in the company. Prerequisites for the transaction include completing the necessary investment round by the company and granting of a licence from the UK Prudential Regulatory Authority.
Read moreLHV Group financial plan for 2021 and the five-year financial forecast
16.02.2021AS LHV Group is hereby disclosing the financial plan for 2021 and the longer, five-year financial forecast. The aim of disclosing the financial plan is to offer investors a transparent overview of the company’s plans and growth direction. The financial plan does not include extraordinary revenues.
Read moreLHV to be announced a bank with the best service in Estonia
11.02.2021Every year, the customer service improvement company Dive carries out a field survey to identify banks that provide the best service. Already for the fifth time, LHV was recognised as a bank with the best service in Estonia.
Read moreLHV Group unaudited financial results for Q4 and the 12 months of 2020
09.02.2021In Q4 2020, AS LHV Group earned a consolidated net profit of EUR 18 million: of that, the bank earned a net profit of EUR 13 million, while EUR 1.6 million in net profit was earned from servicing clients related to the United Kingdom branch. The net profit of Varahaldus, supported by the earned performance fee, was EUR 7.1 million. The pre-tax rate of return on equity capital owned by the shareholders of LHV Group was 36.1% in Q4.
Read moreThe Banker declared LHV the best bank in Estonia
International financial affairs publication The Banker declared LHV Pank the best Estonian bank in 2020. The same recognition was also given to LHV last year.
Read moreChanges in AS LHV Pank Management Board
On 30 November 2020, the Supervisory Board of AS LHV Pank, belonging to the consolidation group of AS LHV Group, decided to, as of 20 January 2021, recall Erki Kilu from the Management Board and elect Kadri Kiisel as the new Chairman of the Management Board of AS LHV Pank.
Read moreLHV Banking Services webinar: Fighting fraud in real-time payments- outlook for 2021
Last year COVID-19 prompted a major shift to online activities, furthermore the thriving stock market and the recent cryptocurrency boom have ushered in an unprecedented influx of new clients to fintech service providers.
Read moreLHV Banking Services first to launch full-scale UK and European Agency Banking
Agency Banking enables LHV clients full ownership and operational flexibility over their account and payment infrastructure
Read moreLHV will found a new fintech focussed bank in the UK
At the end of last month we announced that LHV shall start pursuing a banking licence in UK, this marks our wider ambition and commitment to our fintech clients.
Read moreLHV Group results for Q3 and 9 months of 2020
In Q3 of 2020, AS LHV Group earned EUR 10.8 million in consolidated net profit. AS LHV Pank earned EUR 10.7 million in net profit, at that, EUR 1.2 million in net profit from servicing clients related to the United Kingdom branch. AS LHV Varahaldus earned EUR 0.8 million in net profit.
Read moreLHV joins the Emerging Payments Association Europe
LHV is delighted to have joined, as a founding member, the Emerging Payments Association Europe (EPA EU). This membership enforces our interest to join a European network that combines players representing all the components of the payments’ value chain.
Read moreLHV Group unaudited results for Q2 and 6 months of 2020
In the second quarter of 2020, AS LHV Group earned EUR 3.6 million in consolidated net profit. AS LHV Pank earned EUR 2.8 million and AS LHV Varahaldus EUR 1 million as net profit.
Read moreLHV’s instant payment limit will be raised to EUR 100,000 from July
Real-time euro payments, or instant payments, have become an integral part of everyday banking. From July, LHV raises the instant payment limit to EUR 100,000.
Read moreLHV to acquire the Danske Bank’s unit involved with Estonian corporate and public sector credits
AS LHV Pank and Danske Bank A/S have signed an agreement according to which LHV will acquire Danske Bank’s business unit operating the Estonian corporate and public sector credits, that as at the end of April amounted to approximately 312 million euros.
Read moreLHV Bank Issues 250 million EUR of Covered Bonds at 0.12% yield
AS LHV Pank completed today the inaugural issue of 250 million euros of covered bonds with five years maturity.
Read moreLHV became Signatory of the Principles for Responsible Banking
In March, LHV Group officially joined the UN Principles for Responsible Banking, and has prepared an action plan for delivering on promises made.
Read moreLHV onboards one of the world’s fastest growing international money transfer companies: TransferGo
LHV, the fintech focused bank and payment services provider, is pleased to welcome London-based money transfer company TransferGo as its newest client. LHV will provide TransferGo, which is one of the world’s fastest growing money transfer companies, with payment infrastructure, providing access to real time Euro and Sterling payments via Single Euro Payment Area (‘SEPA’) Instant and Faster Payments schemes respectively.
Read moreLHV Group unaudited results for Q1 2020
In Q1 2020, AS LHV Group earned a total of EUR 7.5 million in consolidated profit. In Q1, the bank earned a net profit of EUR 8.1 million, and Varahaldus recorded a loss of EUR 0.6 million.
Read moreEuropean Central Bank grants LHV Pank the right to issue covered bonds
On the proposal of the Financial Supervision Authority, AS LHV Pank was granted permission by the European Central Bank to issue covered bonds so that LHV can include long-term financing secured by housing loans with which to reduce the price of money intended for lending.
Read moreLHV Group unaudited financial results for Q4 and the 12 months of 2019
In Q4 2019, AS LHV Group earned a consolidated net profit of EUR 6.4 million: the bank earned a net profit of EUR 5.7 million and AS LHV Varahaldus earned a net profit of EUR 900,000.
Read moreThe Banker declared LHV the best bank in Estonia
3.12.2020International financial affairs publication The Banker declared LHV Pank the best Estonian bank in 2020. The same recognition was also given to LHV last year.
Read moreChanges in AS LHV Pank Management Board
1.12.2020On 30 November 2020, the Supervisory Board of AS LHV Pank, belonging to the consolidation group of AS LHV Group, decided to, as of 20 January 2021, recall Erki Kilu from the Management Board and elect Kadri Kiisel as the new Chairman of the Management Board of AS LHV Pank.
Read moreLHV Banking Services webinar: Fighting fraud in real-time payments- outlook for 2021
18.11.2020Last year COVID-19 prompted a major shift to online activities, furthermore the thriving stock market and the recent cryptocurrency boom have ushered in an unprecedented influx of new clients to fintech service providers.
Read moreLHV Banking Services first to launch full-scale UK and European Agency Banking
18.11.2020Agency Banking enables LHV clients full ownership and operational flexibility over their account and payment infrastructure
Read moreLHV will found a new fintech focussed bank in the UK
3.11.2020At the end of last month we announced that LHV shall start pursuing a banking licence in UK, this marks our wider ambition and commitment to our fintech clients.
Read moreLHV Group results for Q3 and 9 months of 2020
20.10.2020In Q3 of 2020, AS LHV Group earned EUR 10.8 million in consolidated net profit. AS LHV Pank earned EUR 10.7 million in net profit, at that, EUR 1.2 million in net profit from servicing clients related to the United Kingdom branch. AS LHV Varahaldus earned EUR 0.8 million in net profit.
Read moreLHV joins the Emerging Payments Association Europe
19.08.2020LHV is delighted to have joined, as a founding member, the Emerging Payments Association Europe (EPA EU). This membership enforces our interest to join a European network that combines players representing all the components of the payments’ value chain.
Read moreLHV Group unaudited results for Q2 and 6 months of 2020
18.06.2020In the second quarter of 2020, AS LHV Group earned EUR 3.6 million in consolidated net profit. AS LHV Pank earned EUR 2.8 million and AS LHV Varahaldus EUR 1 million as net profit.
Read moreLHV’s instant payment limit will be raised to EUR 100,000 from July
18.06.2020Real-time euro payments, or instant payments, have become an integral part of everyday banking. From July, LHV raises the instant payment limit to EUR 100,000.
Read moreLHV to acquire the Danske Bank’s unit involved with Estonian corporate and public sector credits
08.06.2020AS LHV Pank and Danske Bank A/S have signed an agreement according to which LHV will acquire Danske Bank’s business unit operating the Estonian corporate and public sector credits, that as at the end of April amounted to approximately 312 million euros.
Read moreLHV Bank Issues 250 million EUR of Covered Bonds at 0.12% yield
02.06.2020AS LHV Pank completed today the inaugural issue of 250 million euros of covered bonds with five years maturity.
Read moreLHV became Signatory of the Principles for Responsible Banking
21.05.2020In March, LHV Group officially joined the UN Principles for Responsible Banking, and has prepared an action plan for delivering on promises made.
Read moreLHV onboards one of the world’s fastest growing international money transfer companies: TransferGo
22.04.2020LHV, the fintech focused bank and payment services provider, is pleased to welcome London-based money transfer company TransferGo as its newest client. LHV will provide TransferGo, which is one of the world’s fastest growing money transfer companies, with payment infrastructure, providing access to real time Euro and Sterling payments via Single Euro Payment Area (‘SEPA’) Instant and Faster Payments schemes respectively.
Read moreLHV Group unaudited results for Q1 2020
21.04.2020In Q1 2020, AS LHV Group earned a total of EUR 7.5 million in consolidated profit. In Q1, the bank earned a net profit of EUR 8.1 million, and Varahaldus recorded a loss of EUR 0.6 million.
Read moreEuropean Central Bank grants LHV Pank the right to issue covered bonds
19.03.2020On the proposal of the Financial Supervision Authority, AS LHV Pank was granted permission by the European Central Bank to issue covered bonds so that LHV can include long-term financing secured by housing loans with which to reduce the price of money intended for lending.
Read moreLHV Group unaudited financial results for Q4 and the 12 months of 2019
5.02.2020In Q4 2019, AS LHV Group earned a consolidated net profit of EUR 6.4 million: the bank earned a net profit of EUR 5.7 million and AS LHV Varahaldus earned a net profit of EUR 900,000.
Read moreThe Banker names LHV the best bank in Estonia
The Banker named LHV Pank the Bank of the Year in Estonia 2019 at The Banker’s Bank of the Year Awards 2019, which was held last night.
Read moreLoans of existing Danske Bank clients were transferred to LHV Pank
On 23 November, LHV Pank and Danske Bank finalised the transaction, as a result of which nearly 10,000 private loans were moved to LHV Pank. Although the transfer was made as easy for the clients as possible, there are still some important nuances to consider in the future.
Read moreLHV Group unaudited results for Q3 and 9 months of 2019
In the third quarter of 2019, AS LHV Group earned EUR 8.0 million altogether in consolidated net profit. AS LHV Pank earned EUR 6.4 million and AS LHV Varahaldus EUR 1.9 million as net profit. The return on equity of LHV Group was 16.4% in the third quarter.
Read moreLHV Group updated the long-term financial forecast
The Supervisory Board of AS LHV Group approved the updated financial forecast for 2019–2023 pursuant to which, the forecast for the growth of LHV’s business volumes has been significantly increased.
Read moreLHV Group unaudited results for Q2 and 6 months of 2019
In the second quarter of 2019, AS LHV Group altogether earned EUR 7.7 million in consolidated net profit. AS LHV Pank earned EUR 5.9 million and AS LHV Varahaldus EUR 2.1 million as net profit. The return on equity of LHV Group was 18.1% in the second quarter.
Read moreLHV once again declared best bank in Estonia by Euromoney
Euromoney, the leading international business magazine, declared LHV the best bank in Estonia for the second year in a row.
Read moreLHV intends to acquire the private loans of Danske Bank
LHV Pank and Danske Bank have reached an agreement that LHV will acquire Danske Bank’s unit involved with Estonian private loans, that essentially consists of the loan portfolio of private clients in the amount of approximately 470 million euros.
Read moreLHV becomes the first bank to give fintechs access to instant pound and euro payments
LHV, the fintech focused bank, is pleased to announce that it plans to start providing its fintech clients with pound payments in June.
Read moreLHV Group unaudited results for Q1 2019
During the first three months of 2019, LHV Group earned EUR 5.0 million in consolidated profit. In Q1, the bank earned EUR 4.2 million and Varahaldus EUR 1.2 million as net profit. LHV Group paid EUR 2.3 million as income tax in Q1. The Group’s equity ratio was 12.2%.
Read moreEuro Sepa Instant Payments (RT1) available through LHV Connect API
LHV is excited to announce that Euro Sepa Instant Payments (RT1) are now available through our LHV Connect API.
Read moreLHV news on Brexit
As the final outcome of the Brexit negotiations are still unclear, it is a good time to share some information and a few guidelines from our bank’s point of view.
Read moreLHV started offering Virtual IBAN to payment intermediaries
On 7 March, LHV launched its Virtual IBAN (International Banking Account Number) service.
Read moreAS LHV Group’s unaudited results for 2018
AS LHV Group posted a strong performance in Q4 2018. In the last quarter of 2018, the Group earned a consolidated net profit of EUR 6.7 million: the bank’s net profit reached EUR 5.3 million while profit earned from asset management stood at EUR 1.9 million.
Read moreThe Banker names LHV the best bank in Estonia
29.11.2019The Banker named LHV Pank the Bank of the Year in Estonia 2019 at The Banker’s Bank of the Year Awards 2019, which was held last night.
Read moreLoans of existing Danske Bank clients were transferred to LHV Pank
25.11.2019On 23 November, LHV Pank and Danske Bank finalised the transaction, as a result of which nearly 10,000 private loans were moved to LHV Pank. Although the transfer was made as easy for the clients as possible, there are still some important nuances to consider in the future.
Read moreLHV Group unaudited results for Q3 and 9 months of 2019
15.10.2019In the third quarter of 2019, AS LHV Group earned EUR 8.0 million altogether in consolidated net profit. AS LHV Pank earned EUR 6.4 million and AS LHV Varahaldus EUR 1.9 million as net profit. The return on equity of LHV Group was 16.4% in the third quarter.
Read moreLHV Group updated the long-term financial forecast
25.07.2019The Supervisory Board of AS LHV Group approved the updated financial forecast for 2019–2023 pursuant to which, the forecast for the growth of LHV’s business volumes has been significantly increased.
Read moreLHV Group unaudited results for Q2 and 6 months of 2019
16.07.2019In the second quarter of 2019, AS LHV Group altogether earned EUR 7.7 million in consolidated net profit. AS LHV Pank earned EUR 5.9 million and AS LHV Varahaldus EUR 2.1 million as net profit. The return on equity of LHV Group was 18.1% in the second quarter.
Read moreLHV once again declared best bank in Estonia by Euromoney
12.07.2019Euromoney, the leading international business magazine, declared LHV the best bank in Estonia for the second year in a row.
Read moreLHV intends to acquire the private loans of Danske Bank
3.06.2019LHV Pank and Danske Bank have reached an agreement that LHV will acquire Danske Bank’s unit involved with Estonian private loans, that essentially consists of the loan portfolio of private clients in the amount of approximately 470 million euros.
Read moreLHV becomes the first bank to give fintechs access to instant pound and euro payments
23.05.2019LHV, the fintech focused bank, is pleased to announce that it plans to start providing its fintech clients with pound payments in June.
Read moreLHV Group unaudited results for Q1 2019
16.04.2019During the first three months of 2019, LHV Group earned EUR 5.0 million in consolidated profit. In Q1, the bank earned EUR 4.2 million and Varahaldus EUR 1.2 million as net profit. LHV Group paid EUR 2.3 million as income tax in Q1. The Group’s equity ratio was 12.2%.
Read moreEuro Sepa Instant Payments (RT1) available through LHV Connect API
03.04.2019LHV is excited to announce that Euro Sepa Instant Payments (RT1) are now available through our LHV Connect API.
Read moreLHV news on Brexit
18.03.2019As the final outcome of the Brexit negotiations are still unclear, it is a good time to share some information and a few guidelines from our bank’s point of view.
Read moreLHV started offering Virtual IBAN to payment intermediaries
07.03.2019On 7 March, LHV launched its Virtual IBAN (International Banking Account Number) service.
Read moreAS LHV Group’s unaudited results for 2018
29.01.2019AS LHV Group posted a strong performance in Q4 2018. In the last quarter of 2018, the Group earned a consolidated net profit of EUR 6.7 million: the bank’s net profit reached EUR 5.3 million while profit earned from asset management stood at EUR 1.9 million.
Read moreThe rating agency Moody’s assigned LHV Pank a credit rating of Baa1
Moody’s Investors Service assigned AS LHV Pank an investment-grade credit rating with a stable outlook. This is the first time LHV has obtained an investment-grade rating from an international rating agency.
Read moreLHV participates in TransferWise’s £65 million syndicated debt facility
TransferWise has completed a £65 million syndicated debt facility to support the increasing requirements of its growing international customer base. LHV Bank was one of the participants of the syndicate.
Read moreLHV Group’s Q3 2018 financial results
The three quarters of this year have earned AS LHV Group a net profit of EUR 6.2 million. The bank’s profit shaped to EUR 4.4 million and the asset management’s to EUR 2.1 million.
Read moreLHV selects Form3 to become a Member of UK Faster Payments
LHV Bank has selected Form3, the cloud technology provider of Payments-as-a-Service for banks and regulated fintechs, to provide a fully managed service connecting the bank directly to the UK Faster Payments infrastructure. LHV will join the scheme as a Directly Connected Participant (Member) in 2019.
Read moreThe rating agency Moody’s assigned LHV Pank a credit rating of Baa1
19. December 2018Moody’s Investors Service assigned AS LHV Pank an investment-grade credit rating with a stable outlook. This is the first time LHV has obtained an investment-grade rating from an international rating agency.
Read moreLHV participates in TransferWise’s £65 million syndicated debt facility
20. November 2018TransferWise has completed a £65 million syndicated debt facility to support the increasing requirements of its growing international customer base. LHV Bank was one of the participants of the syndicate.
Read moreLHV Group’s Q3 2018 financial results
23. October 2018The three quarters of this year have earned AS LHV Group a net profit of EUR 6.2 million. The bank’s profit shaped to EUR 4.4 million and the asset management’s to EUR 2.1 million.
Read moreLHV selects Form3 to become a Member of UK Faster Payments
17. October 2018LHV Bank has selected Form3, the cloud technology provider of Payments-as-a-Service for banks and regulated fintechs, to provide a fully managed service connecting the bank directly to the UK Faster Payments infrastructure. LHV will join the scheme as a Directly Connected Participant (Member) in 2019.
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