LHV Bank gains UK approval for consumer credit services

LHV Bank has obtained consumer credit authorisation from the UK Prudential Regulation Authority (PRA), concluding a six-month review process. This approval allows the bank to broaden its retail offerings, including plans for launching overdraft facilities for current account holders in 2026. LHV Bank CEO Erki Kilu said: “Receiving consumer credit permission from the PRA is a strong endorsement of the robustness of our risk management and governance frameworks. These permissions are only granted where reg ...