LHV Group is an Estonian financial company founded in 1999 as an investment firm offering brokerage servcies and portfolio management services. In 2009 the group established LHV Pank. LHV Pank provides retail and corporate banking products and services to private individuals and companies. LHV Pank also offers pension funds and online brokerage services.
AS LHV Pank is the 4th largest bank in Estonia in terms of total assets. In 2017 its total assets were 1 726,10 mln EUR, providing the bank with the market share of 6.83%. In 2017 the bank's net income was 10,92 mln EUR.
AS LHV Pank participates in deposit guarantee scheme of Estonia. This scheme covers accounts up to 100 000 EUR per bank per depositor.
AS LHV Pank is headquartered in Tallinn.
time deposit accounts (0.15 - 0.25 %)
working capital loans
AS LHV Pank provides products and services in the areas of retail banking, private banking, corporate banking, leasing. The range of products offered by AS LHV Pank includes current accounts, debit cards, credit cards, savings accounts, time deposit accounts (0.15 - 0.25 %), consumer loans, overdraft facility, salary accounts, start-up accounts, micro loans, working capital loans, investment loans, trade finance.
Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).
Time deposit accounts made with AS LHV Pank are covered by deposit guarantee scheme of Estonia up to 100 000 EUR per depositor. AS LHV Pank offers the following time deposit accounts.
Updated on 22 February 2019
Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
|Total Assets (2017)|
|1 726.10 mln EUR (+92.81%)|
|Total Equity (2017)|
|89.74 mln EUR (+19.66%)|
In 2017 total assets of AS LHV Pank were 1 726.10 mln EUR. Growth compared to the previous period (2016) was 92.81%. The evolution of the total assets of AS LHV Pank is shown at Chart 1 below.
Chart 1. Total Assets of AS LHV Pank.
Recent changes in total assets of AS LHV Pank and its main components are shown in Table 1.
|Cash and deposits with Central Banks||300.4||920.7||+206.53%|
|Total Assets||895.2||1 726.1||+92.81%|
|Table 1. Recent changes in total assets of AS LHV Pank (mln EUR).|
Recent changes in total liabilities of AS LHV Pank and its main components are shown in Table 2.
|Total Liabilities||895.2||1 726.1||+92.81%|
|Table 2. Recent changes in total liabilities of AS LHV Pank (mln EUR).|
|Net Income (2017)|
|10.92 mln EUR (+9.63%)|
Recent changes in gross profit of AS LHV Pank and its main components are shown in Table 3.
|Table 3. Recent changes in gross profit of AS LHV Pank (mln EUR).|
In 2017 net income of AS LHV Pank was 10.92 mln EUR. Growth compared to the previous period (2016) was 9.63%. The evolution of the net income of AS LHV Pank is shown at Chart 2 below.
Chart 2. Net Income of AS LHV Pank.
|Yes (up to 100 000 EUR per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Estonia are obliged to participate in Estonian deposit guarantee scheme.
In the case of AS LHV Pank failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of AS LHV Pank and its components are shown in the table below.
|Bank BIC Code||LHVB|
|Country Code||EE (Estonia)|
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of AS LHV Pank is shown in the table below.
Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.
The following banks operating under LHV Pank brand name has been recently closed down: