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LHV Group results in July 2025
Globenewswireยท 2025-08-12 05:00
Financial Performance - In July, LHV Group earned a consolidated net profit of EUR 10.5 million, with AS LHV Pank contributing EUR 10.4 million [2] - The return on equity attributable to shareholders was 17.0% in July [2] - The financial plan for LHV Group exceeded expectations by EUR 2.4 million in net income and net profit [7] Business Growth - The consolidated loan portfolio increased by EUR 33 million month-on-month, reaching EUR 5.03 billion [1] - Deposit volume increased by EUR 260 million, reaching EUR 7.62 billion [1] - The number of customers of LHV Pank increased by 2,800, reaching a total of 476,000 [3] - LHV Bank's loan portfolio reached EUR 586 million, with deposits totaling EUR 1.05 billion [4] Subsidiary Performance - LHV Kindlustus signed new insurance contracts worth EUR 3.5 million, with approximately 284,000 insurance contracts in force [5] - LHV Varahaldus showed strong performance with larger funds L and XL increasing by 0.9% and 1.0% respectively [6] - The net profit of LHV Varahaldus is outperforming the financial plan due to good fund performance [6] Market Position - LHV Pank was named the best bank in Estonia by Euromoney for its strong economic results and rapid customer base growth [3] - LHV Group is the largest domestic financial group and capital provider in Estonia, employing over 1,100 people [8]