Financial results
AS LHV Group’s business volumes and economic results*
| millions of euros | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|---|---|
| Deposit volume | 352 | 457 | 617 | 777 | 1537 | 1422 | 2701 |
| Loan volume | 207 | 316 | 410 | 538 | 732 | 919 | 1687 |
| Fund volume | 374 | 504 | 570 | 974 | 1103 | 1214 | 1374 |
| Total assets | 415 | 556 | 757 | 935 | 1773 | 1677 | 3032 |
| Net interest income | 11,8 | 20,3 | 23,2 | 30,0 | 35,5 | 39,8 | 47,4 |
| Net income from service fees | 9,4 | 12,8 | 14,7 | 19,2 | 22,2 | 26 | 25,7 |
| Net financial income | 2,7 | 0,5 | 0,4 | 1,3 | 1,0 | 3,4 | 0,7 |
| Net income | 24,0 | 33,6 | 38,3 | 50,5 | 58,7 | 70 | 73,8 |
| Expenses | 16,7 | 21,7 | 24,1 | 28,9 | 31,9 | 33,8 | 39,3 |
| Operating profit | -0.7 | 7.3 | 11.9 | 14.3 | 21.6 | 26.6 | 34,6 |
| Loan provisions | 2,9 | 2,6 | 1,4 | 1,5 | 3,2 | 5,3 | 3,2 |
| Income tax expenses | 0,1 | 0,5 | 0,9 | 0,3 | 1,2 | 3,8 | 4,2 |
| Profit | 4,3 | 9,7 | 14,8 | 19,9 | 22,2 | 27,2 | 27,1 |
| Share of profit of the parent company | 4,2 | 9,2 | 13,7 | 17,8 | 19,6 | 25,2 | 24,8 |
*includes discontinued operations
Ratios
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|---|---|
| Pre-tax (ROE) | 16,7% | 20,3% | 22,9% | 20,8% | 18,6% | 20.9% | 16,2% |
| Return on Equity (ROE) | 16,5% | 21,4% | 21,8% | 20,7% | 17,6% | 18,4% | 14,0% |
| Return on Assets (ROA) | 1,2% | 2,0% | 2,3% | 2,4% | 1,6% | 1,6% | 1,15% |
| Net Interest Margin (NIM) | 3,3% | 4,3% | 3,6% | 3,6% | 2,7% | 2,3% | 2,04% |
| Spread | 3,2% | 4,2% | 3,5% | 3,5% | 2,6% | 2,3% | 1,99% |
| Cost/Income ratio (C/I) | 69,7% | 64,7% | 58,7% | 57,2% | 54,6% | 48,3% | 53,19% |
| Equity Multiplier (EM) | 14,3 | 11,3 | 10,4 | 9,8 | 12,2 | 12,6 | 13,3 |
| Tier 1 Capital Adequacy | 15,3% | 17,6% | 16,0% | 15,1% | 14,0% | 13,65% | 13,88% |
| Capital Adequacy | 23,0% | 22,8% | 23,4% | 20,7% | 18,3% | 19,41% | 17,96% |
| MREL | n.a. | 15,70% | 15,09% | 12,67% | 7,91% | 11,78% | 8,94% |
| Risk Cost Ratio | 1,8% | 1,0% | 0,4% | 0,3% | 0,5% | 0,6% | 0,25% |
| Liquidity Coverage Ratio (LCR) | n.a. | 190% | 272% | 222% | 121% | 149% | 144,80% |