Financial forecasts

LHV Group Financial Plan for 2022

AS LHV Group publishes the financial plan for the current year once a year at the beginning of the year. Stock exchange announcement

Key indicatorsFP 20222021Change YoY
Financial results, EURt
Total revenue166,838140,37926,459
Total expenses83,88965,18318,706
Impairment losses on loans9,2463,9485,298
Earnings before taxes73,70371,2492,454
Net profit61,49360,2631,230
Business volumes, EURm
Loans3,0972,677420
Deposits6,1095,808302
Assets under management1,3891,34940
Key ratios
Cost / Income ratio50,3%46,4%3,9%
ROE (pre tax)19,4%26,0%-6,5%
Capital adequacy20,5%19,0%1,5%

Long-term financial forecast 2022-2026

AS LHV Group updates and publishes the five-year financial forecast once a year at the beginning of the year. Stock exchange announcement

Key indicators, EURtFP2022FP2023FP2024FP2025FP2026
Profit before taxes73,70392,759114,109147,866178,361
Net profit61,49379,04098,172128,467155,786
Business volumes, EURm
Loans3,0973,6744,2964,9055,520
Deposits6,1096,8417,5048,3018,912
Funds volume1,3891,5221,6751,7931,935
Key ratios, percent
Cost/income ratio50,3%47,2%44,3%39,5%36,9%
Return on Equity (pre-tax ROE)19,4%20,2%20,8%22,3%22,3%
Return on Equity (ROE)16,7%17,8%18,5%20,1%20,2%
Capital adequacy20,5%19,7%19,4%19,0%19,8%