Financial results

AS LHV Group’s business volumes and economic results*

millions of euros2014*2015*2016*2017*2018*20192020
Deposit volume4576177771537142227014120
Loan volume31641053873291916872209
Fund volume5567579351773167730324971
Total assets5045709741103121413741537
Net interest income20,323,230,035,539,847,368,5
Net income from service fees12,814,719,222,226,025,733,3
Net financial income0,50,41,31,03,40,71,6
Net income33,638,350,558,770,073,8103,4
Expenses21,724,128,931,933,839,344,0
Operating profit11,914,321,726,636,234,659,6
Loan provisions2,61,41,53,25,33,210,9
Income tax expenses0,50,90,31,23,84,28,8
Profit9,714,819,922,227,227,139,8
Share of profit of the parent company9,213,717,819,625,224,838

*includes discontinued operations

Ratios

2014201520162017201820192020
Pre-tax (ROE)20,3%22,9%20,8%18,6%20.9%16,2%20,5%
Return on Equity (ROE)21,4%21,8%20,7%17,6%18,4%14,0%17,3%
Return on Assets (ROA)2,0%2,3%2,4%1,6%1,6%1,15%1,0%
Net Interest Margin (NIM)4,3%3,6%3,6%2,7%2,3%2,04%1,73%
Spread4,2%3,5%3,5%2,6%2,3%1,99%1,70%
Cost/Income ratio (C/I)64,7%58,7%57,2%54,6%48,3%53,19%42,5%
Equity Multiplier (EM)11,310,49,812,212,613,318,3
Capital adequacy CET117,58%15,97%15,09%14,02%13,65%12,39%12,09%
Tier 1 Capital Adequacy17,6%16,0%15,1%14,0%13,65%13,88%14,39%
Capital Adequacy22,8%23,4%20,7%18,3%19,41%17,96%19,33%
MREL15,70%15,09%12,67%7,91%11,78%8,94%6,38%
Risk Cost Ratio1,0%0,4%0,3%0,5%0,6%0,25%0,56%
Liquidity Coverage Ratio (LCR)190%272%222%121%149%144,80%147,9%

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