LHV Group Results for January 2026

Core Insights - LHV Group reported higher profitability and growth in business volumes for January 2026, with a consolidated net profit of EUR 7.2 million, exceeding financial forecasts by EUR 0.4 million [2][3] Group Performance - The consolidated loan portfolio increased by EUR 51 million to EUR 5.52 billion, while total deposits decreased by EUR 214 million to EUR 7.92 billion [1] - The volume of funds managed by LHV rose by EUR 13 million to EUR 1.72 billion, with 8.7 million payments processed related to financial intermediaries [1] Subsidiary Performance LHV Pank - LHV Pank's customer base grew by 3,200 to 495,000, with a loan portfolio reaching EUR 4.71 billion, an increase of EUR 24 million [4] - Deposits decreased by EUR 259 million to EUR 6.71 billion, with net profit exceeding the financial plan by EUR 0.3 million [4] LHV Bank - LHV Bank in the UK saw its loan portfolio increase by EUR 26 million to EUR 809 million, with deposits also rising by EUR 26 million to EUR 1.31 billion [5] - The customer base increased by 600, and net profit exceeded the financial plan by EUR 0.2 million [5] LHV Varahaldus - LHV Varahaldus reported strong performance with significant increases in fund values, including a 4.7% rise in the Julge fund and a 3.0% rise in the Ettevõtlik fund [6] - Net profit for January exceeded the financial plan by EUR 0.2 million [6] LHV Kindlustus - LHV Kindlustus concluded new insurance contracts totaling EUR 7.1 million, with approximately 306,000 contracts in force [7] - The net loss ratio increased to 86.5% due to adverse weather conditions, and overall results were EUR 0.6 million below the financial plan [7] Company Overview - LHV Group is the largest domestic financial group in Estonia, with key subsidiaries including LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited [8] - The group employs around 1,200 people and serves 495,000 customers through LHV Pank, with 105,000 active customers in pension funds and 233,000 customers in insurance [8]