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% |
