Financial calendar 2018
|11.09.2018||Monthly report for August|
|23.10.2018||Interim report for Q3 2018|
|13.11.2018||Monthly report for October|
|11.12.2018||Monthly report for November|
Kadri Kiisel appointed as Member of AS LHV Pank Management Board
On 17 August, the Supervisory Board of AS LHV Pank, that belongs to the AS LHV Group consolidation group, decided to appoint Kadri Kiisel as the new Head of Retail Banking and a member of the LHV Pank Management Board. She will start at the position from 21 August. The Management Board now has seven members.
Record-breaking quarter resulted in a 10 million euro profit
In Q2 of 2018, AS LHV Group earned a consolidated net profit of EUR 10.0 million: the bank’s profit amounted to EUR 5.2 million and asset management’s profit to EUR 2.1 million. Additionally, LHV earned an extraordinary EUR 2.9 million profit from the sale of UAB Mokilizingas. Loan impairments were made in the amount of EUR 1.6 million and as a new factor the profit was influenced by the advance income tax, with a total impact of EUR 0.6 million in the second quarter.