Published: 2018-08-14 07:00:00 CEST
LHV Group
Company Announcement

LHV Group’s July results 2018

The July results were strong, as AS LHV Group earned a consolidated net profit of EUR 2.4 million. AS LHV Pank posted a net profit of EUR 1.8 million and AS LHV Varahaldus EUR 0.7 million.

Madis Toomsalu, CEO of LHV Group commented: „Our results in July were strong, 2,300 new customers joined the bank. All major business volumes are growing. Revenues of major business units are all higher than in the financial plan, costs are lower than planned. Credit quality remains good, only a few customers are under more thorough surveillance.“

Reports of AS LHV Group are available at

LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group's key subsidiaries are AS LHV Pank and AS LHV Varahaldus. LHV employs about 380 people and over 149,000 customers use LHV’s banking services. Pension funds managed by LHV have 179,000 active customers.

         Priit Rum
         Communication Manager
         Phone: +372 502 0786


LHVGroup 2018-07 Investoritele EN.pdf