AS LHV Pank

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.

Services

Retail Banking
Private Banking
Corporate Banking
Leasing

Products

Financials

Total Assets (2017)
1 726.10 mln EUR  (+92.81%)
Net Income (2017)
10.92 mln EUR  (+9.63%)

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.

Contacts

Tartu mnt 2, 10145, Tallinn, Estonia
+372 680 0400
+372 680 0410

AS LHV Pank is headquartered in Tallinn.

Bank Identifiers

BIC (SWIFT)
LHVBEE22
MFI ID
EE10539549
Company Number
10539549

Business Summary

Services
retail banking
private banking
corporate banking
leasing
Products
current accounts
debit cards
credit cards
savings accounts
time deposit accounts (0.55 - 0.96 %)
consumer loans
overdraft facility
salary accounts
start-up accounts
micro loans
working capital loans
investment loans
trade finance

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 (0.55 - 0.96 %), consumer loans, overdraft facility, salary accounts, start-up accounts, micro loans, working capital loans, investment loans, trade finance.

Products

Time Deposit Accounts

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 However the money deposited to such account cannot be withdrawn for a specified period of time (term).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 17 December 2018

Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.55 %
Deposit Term (months)
6
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
0.55 %
Deposit Term (months)
6
Investment Amount
500 - 100000 EUR
Interest Frequency
1 times a year
Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.96 %
Deposit Term (months)
12
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
0.96 %
Deposit Term (months)
12
Investment Amount
500 - 100000 EUR
Interest Frequency
1 times a year

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.

See Also

Financial Positions

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.

Total Assets of AS LHV Pank.

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.

2016 2017 % change
Cash and deposits with Central Banks 300.4 920.7 +206.53%
Loans 524.8 707.3 +34.78%
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.

2016 2017 % change
Deposits 805.6 1 576.7 +95.73%
Total Liabilities 895.2 1 726.1 +92.81%
Table 2. Recent changes in total liabilities of AS LHV Pank (mln EUR).

Profit and Loss

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.

2016 2017 % change
Interest Income 23.1 26.6 +15.25%
Interest Charges -3.5 -2.6 -25.60%
Commission Income 9.7 12.6 +29.68%
Commission Charges -3.7 -4.7 +29.45%
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.

Net Income of AS LHV Pank.

Chart 2. Net Income of AS LHV Pank.

Market Share and Rank (among banks in Estonia)

Total Assets (2017)
4th (market share 6.83%)
Loans (2017)
5th (market share 3.82%)
Deposits (2017)
4th (market share 7.36%)

In 2017 AS LHV Pank was ranked the 4th largest bank in Estonia in terms of total assets, having 6.83% of the domestic market share.

Market share of AS LHV Pank (among banks in Estonia)

Chart 3. Market share of AS LHV Pank (among banks in Estonia)

Several banks having the market shares and ranks closest to AS LHV Pank are shown below.

RankNameTotal AssetsMarket Share
3Luminor Bank AS3579.19 mln EUR14.16%
4AS LHV Pank1726.10 mln EUR6.83%
5Danske Bank A/S Eesti filiaal1557.45 mln EUR6.16%
 

Deposit Guarantee

Deposit Guarantee
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

Further Information

BIC

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.

BIC  LHVBEE22
Bank BIC Code  LHVB
Country Code  EE (Estonia)
Location Code  22
Branch Code  -

MFI ID

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.

MFI ID  EE10539549

Company Registration Number

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.

Company Number  10539549

European Presence: 2 banks in 2 countries

AS LHV Pank operates under the brand name LHV Pank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Estonia

  • (this bank) AS LHV Pank (Tallinn)

United Kingdom

Defunct Banks: 2 banks in 2 countries

The following banks operating under LHV Pank brand name has been recently closed down:

Finland

Latvia

Banking Products in Estonia