LHV Group results for August 2024

In August, LHV’s lending continued at a faster pace than planned, which had a positive effect on the company’s profit figures. The consolidated loan portfolio of AS LHV Group increased by EUR 87 million over the month. Deposits increased by EUR 254 million on a consolidated basis. The volume of funds managed by LHV grew by EUR 4 million in August. Payments related to financial intermediaries amounted to EUR 6.1 million per month.

In August, AS LHV Group’s consolidated net profit was EUR 12.2 million. Among subsidiaries, AS LHV Pank earned EUR 11.8 million, LHV Bank Ltd EUR 13 thousand, AS LHV Varahaldus EUR 240 thousand and AS LHV Kindlustus EUR 129 thousand net profit for the month.