LHV Bank earns 0,17 mEUR profit in Q3

Estonia’s LHV Pank earned in the third quarter of this year a profit of 2.7 million kroons (EUR 172 500) and its assets grew to 600 million kroons by the end of the period.
Net revenues increased by 16% in comparison with the third quarter of 2008, the bank said. The amount of deposits increased by 249.1 million kroons, reaching 488.8 million kroons by the end of September. Demand deposits made up 191.5 million and term deposits 297.3 million kroons of the total.
Slightly more than half, or 52%, of the deposits were in Estonian kroons, 34% were euro-denominated and the rest in other currencies.
The bank’s loan portfolio swelled by 59.1 million kroons, amounting to 95.5 million kroons by the end of the period. LHV group has close to 35 000 customers.

Source: Estonian Review

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