Financial results

AS LHV Group’s business volumes and economic results*

millions of euros2016*2017*2018*2019202020212022
Deposit volume7771 5371 4222 7014 1205 8084 901
Loan volume5387329191 6872 2092 6773 209
Fund volume9741 1031 2141 3741 5371 3491 332
Total assets9351 7731 6773 0324 9716 8456 135
Net interest income30,035,539,847,368,597,3129,1
Net fee and commission income19,222,226,025,733,342,644,9
Net income/loss from financial assets1,31,03,40,71,6-0,9-0,6
Net income50,558,770,073,8103,4140,4173,5
Expenses28,931,933,839,344,065,289,6
Operating profit21,726,636,234,659,675,283,9
Impairment losses1,53,25,33,210,93,98,1
Income tax expenses0,31,23,84,28,811,014,4
Net profit19,922,227,227,139,860,361,4
Profit attributable to owners of the parent17,819,625,224,83858,359,8

*includes discontinued operations

Ratios

2016201720182019202020212022
Pre-tax (ROE)20,8%18,6%20.9%16,2%20,5%24,9%20,3%
Return on Equity (ROE)20,7%17,6%18,4%14,0%17,3%21,1%16,4%
Return on Assets (ROA)2,4%1,6%1,6%1,15%1,0%1,0%1,0%
Net Interest Margin (NIM)3,6%2,7%2,3%2,04%1,73%1,66%2,01%
Spread3,5%2,6%2,3%1,99%1,70%1,63%1,98%
Cost/Income ratio (C/I)57,2%54,6%48,3%53,19%42,5%46,4%51,7%
Equity Multiplier (EM)9,812,212,613,318,321,40,18%
Capital adequacy CET115,09%14,02%13,65%12,39%13,26%13,32%16,02%
Tier 1 Capital Adequacy15,1%14,0%13,65%13,88%15,56%15,13%18,43%
Capital Adequacy20,7%18,3%19,41%17,96%20,50%19,02%21,72%
MREL-TREAN/AN/AN/AN/AN/A24,00%30,00%
MREL-LREN/AN/AN/AN/AN/A6,90%11,12%
Risk Cost Ratio0,3%0,5%0,6%0,25%0,56%0,16%0,27%
Liquidity Coverage Ratio (LCR)222%121%149%144,80%147,9%142,7%139,70%