In April, the consolidated net profit of
The number of bank clients increased by 4,300 in April. Client activity was good, and we could see especially high activity in applications for home loans. Within the month, the LHV loan portfolio increased by
In April, LHV Finance introduced a refinancing loan to the market, which enables clients to comfortably join several consumer loans into a single loan. The NPS Benchmark recommendation index survey by the survey company
The number of clients of LHV Varahaldus decreased in April, mainly due to people in early retirement and pensionable age leaving the II pillar, while the activity of leaving the II pillar has significantly decreased in April. On the markets, it was a volatile month, but the volume of funds managed by LHV increased to a record level of nearly
In April, LHV Kindlustus made preparations for introducing motor own damage insurance and motor third party liability insurance to the market, and for commencing the active offering of insurance products. From 10 May, LHV home insurance, motor third party liability insurance and motor own damage insurance are all available, and the insurance undertaking is ready to offer a strong alternative in the insurance market that has so far mainly been occupied by foreign capital. With taking over the additional warranty portfolio and the bank card travel insurance, the number of clients of LHV Kindlustus had already grown to 128,000 clients by the end of April. The profitability of the company is increasing.
Increasing of the share capital of
In the beginning of May, the rating agency Moody’s Investors Service affirmed LHV Pank’s investment grade credit rating at Baa1, but changed the outlook of long-term deposit ratings from stable to positive.
LHV’s financial plan stands, all business volumes are slightly better than planned. The net profit is ahead of the financial plan by
LHV Communication Manager
Phone: +372 502 0786
Email: priit.rum@lhv.ee
Attachment
LHV Group 2021-04-EN
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