Financial results

AS LHV Group’s business volumes and economic results*

millions of euros2017*2018*20192020202120222023
Deposit volume1 5371 4222 7014 1205 8084 9015 731
Loan volume7329191 6872 2092 6773 2093 562
Fund volume1 1031 2141 3741 5371 3491 3321 519
Total assets1 7731 6773 0324 9716 8456 1357 126
Net interest income35,539,847,468,597,3129,1253,8
Net fee and commission income22,226,025,733,443,544,954,1
Net other income1,04,30,81,7-0,4-0,52,5
Net income58,770,073,8103,4140,4173,5310,5
Expenses31,933,839,344,065,289,6134,3
Operating profit26,636,234,659,675,283,9176,1
Impairment losses3,25,33,210,93,98,111,5
Income tax expenses1,23,84,28,811,014,423,7
Net profit22,227,227,139,860,361,4140,9
Profit attributable to owners of the parent19,625,224,838,058,359,8139,6

*includes discontinued operations

Ratios

2017201820192020202120222023
Pre-tax (ROE)18,6%20,9%16,2%20,5%24,9%20,3%34,0%
Return on Equity (ROE)17,6%18,4%14,0%17,3%21,1%16,4%29,0%
Return on Assets (ROA)1,6%1,6%1,2%1,0%1,0%0,9%2,1%
Net Interest Margin (NIM)2,66%2,34%2,04%1,73%1,66%2,01%3,88%
Spread2,62%2,32%1,99%1,70%1,63%1,98%3,75%
Cost/Income ratio (C/I)54,4%48,3%53,2%42,5%46,4%51,7%43,3%
Equity Multiplier (EM)12,212,613,318,321,417,813,8
Capital adequacy CET115,32%15,67%12,39%13,26%14,27%16,02%17,01%
Tier 1 Capital Adequacy15,32%15,67%13,88%15,56%16,08%18,43%19,17%
Capital Adequacy19,60%21,70%17,96%20,50%19,97%21,72%21,93%
MREL-TREAN/AN/AN/AN/A24,00%29,99%34,16%
MREL-LREN/AN/AN/AN/A6,90%11,12%12,08%
Risk Cost Ratio0,49%0,63%0,25%0,56%0,16%0,27%0,34%
Liquidity Coverage Ratio (LCR)121,3%148,5%144,8%147,9%142,7%139,70%194,20%