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.
Last night, the annual Bank of the Year Awards of The Banker took place, where LHV was declared the best bank in Estonia for the second year in a row. LHV was recognised at the virtual gala in terms of continued rapid growth, innovation, and proactive response to the corona crisis.
‘The year 2020 has been a tough one for everyone, so the title of the best bank in Estonia is a great recognition for both us and our clients. We reacted quickly to changes in the economic environment, becoming the first in Estonia to offer grace periods. At the same time, we continued to grow our business volumes and client base, and also introduced several new products and services to our clients,’ Chairman of the Management Board at LHV Pank Erki Kilu said.
Kilu added that an important step was also the development of a green action plan, which set the direction towards a greener environment and a more sustainable economy.
The Bank of the Year Awards is an annual competition held by The Banker, which is always observed closely by the banking industry. In the competition, the world’s leading banks are evaluated on the basis of their profit-making ability, strategic success, and level of services. The winners will be selected globally, regionally, and nationally.
The Banker is a leading banking and financial affairs publication owned by the Financial Times and published since 1926. The Banker is circulated in over 180 countries. In addition to providing banking and economic content and recognising the best in the field, The Banker also maintains a ranking of the world’s top banks.
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 over 490 people. LHV’s banking services are used by more than 235,000 clients, and pension funds managed by LHV have more than 183,000 active clients. LHV’s UK branch offers banking infrastructure to 130 international financial services companies, via which LHV’s payment services reach clients around the world.All news