Banks, Estonia, Financial Services, Loan
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Friday, 29.03.2024, 07:51
Profit of LHV Group grew by 52.6% in 2015
Of the net profit, 9.9 million euros came from LHV Pank, 4.7 million euros from asset management and 1.1 million euros from the Lithuanian unit, the company told the stock exchange. In 2014, the group's net profit totaled 9.7 million euros.
On year, the volume of loans of LHV increased 36% to 410 million euros, deposits 35% to 617 million euros and the volume of managed funds 13% to 570 million euros.
LHV Group's consolidated profit in the fourth quarter was 3.2 million euros or 0.2 million euros less than in the third quarter and 0.8 million euros less than in the same quarter a year ago when the company received extraordinary income. The volume of the group's consolidated loans grew by 14 million euros on quarter and deposits by 27 million euros. The volume of funds managed by LHV increased by 27 million euros compared to the previous quarter.
In the fourth quarter, more than 7,600 new customers opened an account in LHV and by the end of the year, the number of the bank's customers exceeded 80,000. Compared to 2014 the number of the bank's private customers grew by 34% and business customers by 51%.