AS LHV Group’s business volumes and economic results*
| millions of euros | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Deposit volume | 2 727 | 4 120 | 5 808 | 4 901 | 5 731 | 6 910 | 8 134 |
| Loan volume | 1 687 | 2 209 | 2 677 | 3 209 | 3 562 | 4 552 | 5 465 |
| Fund volume | 1 374 | 1 537 | 1 349 | 1 332 | 1 519 | 1 558 | 1 702 |
| Total assets | 3 032 | 4 971 | 6 845 | 6 135 | 7 093 | 8 736 | 10 233 |
| | | | | | | |
| Net interest income | 47,3 | 68,5 | 97,3 | 129,1 | 253,8 | 273,3 | 235,1 |
| Net fee and commission income | 25,7 | 33,3 | 42,6 | 44,7 | 48,8 | 60,3 | 63,3 |
| Net other income | 0,7 | 1,6 | -0,9 | -0,6 | 2,9 | 4,7 | 6,4 |
| Net income | 73,8 | 103,4 | 140,4 | 173,5 | 305,5 | 338,3 | 304,8 |
| Expenses | 39,3 | 44,0 | 65,2 | 89,6 | 129,4 | 146,9 | 159,3 |
| Operating profit | 34,6 | 59,6 | 75,2 | 83,9 | 176,1 | 191,4 | 145,5 |
| Impairment losses | 3,2 | 10,9 | 3,9 | 8,1 | 11,5 | 16,3 | 1,5 |
| Income tax expense | 4,2 | 8,8 | 11,0 | 14,4 | 23,7 | 24,8 | 27,0 |
| Net profit | 27,1 | 39,8 | 60,3 | 61,4 | 140,9 | 150,3 | 117,0 |
| Profit attributable to owners of the parent | 24,8 | 38,0 | 58,3 | 59,8 | 139,6 | 149,0 | 114,3 |
Ratios
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Pre-tax (ROE) | 16,2% | 20,5% | 24,9% | 20,3% | 34,0% | 28,5% | 19,7% |
| Return on Equity (ROE) | 14,0% | 17,3% | 21,1% | 16,4% | 29,0% | 24,5% | 16,0% |
| Return on Assets (ROA) | 1,2% | 1,0% | 1,0% | 0,9% | 2,1% | 1,9% | 1,2% |
| Net Interest Margin (NIM) | 2,04% | 1,73% | 1,66% | 2,01% | 3,88% | 3,48% | 2,49% |
| Spread | 1,99% | 1,70% | 1,63% | 1,98% | 3,75% | 3,23% | 2,30% |
| Cost/Income ratio (C/I) | 53,2% | 42,5% | 46,4% | 51,7% | 43,3% | 43,4% | 52,3% |
| Equity Multiplier (EM) | 13,3 | 18,3 | 21,4 | 17,8 | 13,8 | 13,0 | 13,3 |
| Capital adequacy CET1 | 12,39% | 13,26% | 14,27% | 16,02% | 18,5% | 16,9% | 17,4% |
| Tier 1 Capital Adequacy | 13,88% | 15,56% | 16,08% | 18,43% | 20,7% | 17,9% | 19,3% |
| Capital Adequacy | 17,96% | 20,50% | 19,97% | 21,72% | 20,7% | 20,4% | 22,9% |
| MREL-TREA | N/A | N/A | 24,00% | 29,99% | 35,7% | 33,2% | 35,4% |
| MREL-LRE | N/A | N/A | 6,90% | 11,12% | 12,6% | 12,4% | 12,9% |
| Risk Cost Ratio | 0,25% | 0,56% | 0,16% | 0,27% | 0,3% | 0,4% | 0,0% |
| Liquidity Coverage Ratio (LCR) | 144,8% | 147,9% | 142,7% | 139,70% | 194,2% | 187,5% | 185,0% |
