Latest news with #LHV
Yahoo
3 days ago
- Business
- Yahoo
UAB Atsinaujinančios energetikos investicijos (AEI) Public Bond Offering Closes Soon – Submit Your Orders in Time
The public bond offering by UAB Atsinaujinančios energetikos investicijos (AEI) is nearing its conclusion. Key dates: Investment and switch orders can be submitted until 11 June, 3:30 PM Tender offers can be submitted until 12 June, 3:30 PM Key bond issue details: Issue size: up to 100 mEUR Size of the first tranche: up to 65 mEUR Interest rate: 8 % Minimum investment amount: 100 000 EUR Term: 2,5 years For more information and full documentation click here. HOW TO INVEST? Contact the financial brokerage company/bank (LHV, Signet, Swedbank, SEB Bank and others) handling your securities account for the submission of an investment order. If you do not have an investment services agreement concluded with a financial intermediary, send us an email to: bonds@
Yahoo
4 days ago
- Business
- Yahoo
LHV Group Elects Mihkel Torim as New CEO
The Supervisory Board of AS LHV Group has elected Mihkel Torim as Chairman of the Management Board and CEO of LHV Group. He currently serves as Head of Investment Banking at LHV Bank. Torim will assume the role on 22 July 2025, succeeding Madis Toomsalu, who announced his intention to step down earlier this year after serving as CEO since 2016. Mihkel Torim is a seasoned leader in capital markets and investment banking, with over 20 years of experience across financial institutions in the Baltics and Northern Europe. He joined LHV in early 2023 to lead the bank's investment banking operations. Prior to that, he held senior positions at Swedbank, including as Head of Baltic Investment Banking and Manager of the Finnish investment banking unit. As Chairman of the LHV Group's Management Board, Torim has also been elected to the Supervisory Board of AS LHV Pank as of 22 July. Whether the new board member meets the eligibility requirements will also be approved bv the ECB. Conjointly, he is expected to join the Supervisory Boards of the Group's other key subsidiaries: LHV Kindlustus, and LHV Varahaldus, as well as the Board of Directors of LHV Bank Ltd. Torim holds a bachelor's degree in finance from Audentes University and has completed various professional development programs. He currently serves on the Management Board of Fortima OÜ. While he does not presently hold shares in LHV Group, he has been granted options to subscribe for a total of 199,575 shares issued in 2023 and 2024. Rain Lõhmus, Chairman of the Supervisory Board of LHV Group, commented:"Mihkel has proven himself through dedication and results. His high agency and commitment to continuous learning make him well-suited to steer LHV into its next stage of development. His investment banking background gives him a sharp understanding of where and how value is created. As LHV prepares for significant technological transformation, these qualities are essential.I would also like to thank Madis Toomsalu, who has been instrumental in shaping LHV into the strong financial group it is today." Mihkel Torim commented:"I take on this new challenge knowing that LHV is very well managed. Together, our team is well-positioned to deliver on LHV's vision to become the most trusted and forward-thinking financial group. My priority will be set on growing the value of the company. We are committed to innovation, operational excellence, and long-term growth —underpinned by a vigilant, client-first culture." Besides Mihkel Torim, the Management Board of LHV Group also includes Meelis Paakspuu, Kadri Haldre and Jüri Heero. LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group's key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs over 1,150 people. As at the end of April, LHV's banking services are being used by 468,000 clients, the pension funds managed by LHV have 113,000 active clients, and LHV Kindlustus protects a total of 176,000 clients. LHV Bank Limited, a subsidiary of the Group, holds a banking licence in the United Kingdom and provides banking services to international financial technology companies, as well as loans to small and medium-sized RumCommunications ManagerPhone: +372 502 0786Email: Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
LHV Pank updated equity research on EfTEN Real Estate Fund AS
LHV Pank updated the equity research and price target of EfTEN Real Estate Fund AS (EfTEN; EFT1T) shares. According to the analysis, the price target for the share remained unchanged at 20 euros, which is almost 5% above the last closing price at Tallinn Stock Exchange. The share has a 'neutral' rating. The previous price target for the EfTEN Real Estate Fund AS shares was set in February 2025. LHV research points out the following aspects about the EfTEN Real Estate Fund AS: (i) interest costs continue to decrease and balance the negative effect from increasing income tax rate; (ii) continuous portfolio expansion in elderly care segment; (iii) sustainable dividend policy supported by strong operating cash flow; (iv) low overall vacancy but vacancy rate decreases more slowly as compared to previous expectations. The analysis can be found on the LHV Pank Financial Portal. Kristjan TamlaEfTEN Capital ASManaging DirectorTel: +372 655 9515E-post: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
21-05-2025
- Business
- Finextra
LHV Bank launches current account
LHV Bank, a fully licensed UK bank, today launches its new fee-free current account with market leading 3.25% AER on all balances up to £1 million, tracking the Bank of England Base Rate minus 1%. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Today's launch provides a new alternative for the UK public and takes aim at the £252bn of deposits* held in non-interest-bearing bank accounts in the UK. By contrast, LHV Bank customers' money is always at work, earning a market leading rate of interest from the moment it goes into their current account. New research from LHV Bank and Opinium – surveying 2,000 UK adults – reveals the scale of Britain's 0% interest current account challenge. Less than a third (30%) of Britons report collecting interest on their most used current account, whilst two in three (64%) believe banks should be responsible for warning them if their current account is not earning interest. Two fifths of respondents (41%) would support Government legislation to ban 0% interest rate current accounts altogether.** LHV Bank aims to be the best place to save money and, alongside the new current account, offers a range of competitive fixed rate savings bonds with further savings products planned. It secured its full UK banking licence in 2023 and is now doubling down on its commitment to the UK market, where it sees significant opportunities for innovation and disruption. The launch of LHV Bank's current account offer is accompanied by an advertising campaign aimed at 'Reckless Savers'. The campaign goal is to encourage UK consumers to switch banks to earn interest on their current account balance, in turn pushing the banking industry to better by its customers and offer current account interest as standard. Reckless Savers can sign up today to LHV and make their money work harder for them. Erki Kilu, CEO of LHV Bank, said: 'The majority of UK banks are focused on helping customers to spend money, but at LHV we take a savings first approach. We believe that every penny deposited with your bank should earn interest, making it easy to be a 'reckless saver' and make the most of your money. LHV is a bank for savers, not for spenders.' Alongside leading interest rates, from today LHV customers can make use of: A fresh, new banking experience: the LHV Bank app has been designed from scratch to offer customers a seamless self-service user experience Advanced fraud prevention: cutting-edge real-time risk decisioning technology protects customers from fraud and scams Fee free interest: access to fee free market leading interest rates on current account balances as standard Debit Cards: stylish, minimalist Debit Cards in a range of colours to match any style with no current account or overseas debit card transaction fees Google Pay: enabled from launch, with Apple Pay coming soon Kris Brewster, Director of Retail Banking at LHV Bank, said: 'Millions of people across the UK are being short-changed by banks offering 0% on their current accounts. At LHV, we're giving customers the tools to take control – combining meaningful interest rates, modern app-based technology, and complete transparency to help them make smarter money decisions every day.'
Yahoo
13-05-2025
- Business
- Yahoo
LHV Group results in April 2025
April was a month of excellent results and strong deposit growth for LHV. The consolidated loan portfolio of LHV Group grew by EUR 77 million, and the total amount of deposits increased by EUR 727 million in April. The volume of funds managed by LHV decreased by EUR 4 million over the month. Payments related to financial intermediaries amounted to 6.5 million in April. AS LHV Group earned EUR 10.8 million in net profit in April. By subsidiary, AS LHV Pank earned a net profit of EUR 10.1 million, LHV Bank Ltd EUR 83 thousand, AS LHV Kindlustus EUR 319 thousand and AS LHV Varahaldus EUR 68 thousand. The return on equity attributable to the shareholders of LHV Group was 19.1% and the financial plan remains. The number of customers in LHV Pank increased by 2,800 in April. While the loan portfolio of the bank grew by EUR 53 million, the volume of deposits increased by EUR 574 million – strong growth compensated for the downturn of the previous quarter. EUR 41 million of the increase in deposits came from retail customers and EUR 212 million from corporate customers (partially temporary deposits). In addition, platform deposits were increased by EUR 120 million. The decrease in interest income continued in April due to the decline in Euribor. The level of credit quality was good, and in the coming months there may be an opportunity for a reduction in impairments. In April, Moody's Ratings raised the ratings of LHV Pank's covered bond programme and covered bond ratings to the highest Aaa level. In the annual survey organised by CV-Online, LHV has been recognised as one of the leading employers in the financial sector for the fifth consecutive year. In the overall top-of-mind assessment, LHV ranked second. The business volumes of LHV Bank operating in the United Kingdom continued to grow rapidly. The loan portfolio increased by EUR 24 million and the volume of deposits from the platforms increased by EUR 130 million over the month. Conditions are set for the upcoming direct raising of deposits. In April, the bank's profit was impacted by the larger marketing expense for the soon-to-be-launched campaign for retail banking. In April, the equity capital of LHV Bank was increased by EUR 12 million and subordinated bonds were issued in the same amount. LHV Kindlustus signed new insurance contracts in the amount of EUR 3.7 million in April. Claims paid totalled EUR 2.1 million and 12,800 new claims were registered. The loss ratio of major insurance products remained at good level, ensuring good profitability for LHV Kindlustus. The profitability of LHV Varahaldus met the financial plan. The month was characterised by a tense time on the stock markets, while the pension funds managed by LHV were able to maintain their value. The larger funds, L and XL, declined by 0.4% and 0.3% respectively over the month, but have delivered year-to-date returns of 3.4% and 4.1%. Index funds performed more weakly, with LHV Pensionifond Indeks falling by 4.1% during the month. In April, AS LHV Group issued EUR 50 million worth of Tier 1 capital, which ensures sufficient capitalisation for the company's growth and allowed the repurchase of AT1 bonds issued five years prior. Moody's Investors Service reviewed LHV Group's credit ratings at the end of the month, leaving them unchanged. LHV Group's long-term issuer rating is Baa3 with a positive outlook. To access the reports of AS LHV Group, please visit the website at LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group's key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs over 1,150 people. As at the end of April, LHV's banking services are being used by 468,000 clients, the pension funds managed by LHV have 113,000 active clients, and LHV Kindlustus protects a total of 176,000 clients. LHV Bank Limited, a subsidiary of the Group, holds a banking licence in the United Kingdom and provides banking services to international financial technology companies, as well as loans to small and medium-sized RumCommunications ManagerPhone: +372 502 0786Email: Attachment LHV Group 2025-04-ENError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
