LHV Group earned a higher net profit in Q2 of 2025 despite falling interest rates. The group generated a net profit of 30.8 million euros, a 6% increase from the previous quarter. All subsidiaries were profitable, with LHV Bank leading with 29.7 million euros in net profit.

In Q2, LHV Group’s net interest income was 57.6 million euros, with net service fee income at 15.6 million euros. Operating costs totaled 40.5 million euros, resulting in a net profit of 30.8 million euros. The group’s consolidated assets grew to 9.38 billion euros, a 28% increase from the previous year.

LHV Bank saw a growth in client numbers and deposits in Q2. A new banking service called LHV Premium was launched, combining daily banking with travel services. The bank also increased its loan portfolio by 190 million euros and reduced provisions by 4.1 million euros due to an improved economic situation.

LHV Bank issued 300 million euros in bonds and introduced a mobile banking app in Q2. The bank’s deposits increased by 202 million euros, reaching a record 1.02 billion euros. Despite higher marketing and operating costs, the bank earned a net profit of 0.1 million euros.

LHV Insurance showed strong growth in Q2, with a 62% increase in net profit. Pension funds managed by LHV saw positive returns, with various funds offering returns between 0.7% and 4.4%. LHV Insurance had 176,000 clients with 278,000 active insurance policies by the end of June.

LHV Group remains well capitalized, issuing 50 million euros in AT1 bonds and 60 million euros in unsecured bonds in Q2. Moody’s Ratings upgraded LHV Bank’s credit rating to Aaa. The group’s CEO, Madis Toomsalu, highlighted the growth of loan portfolios and client activity, signaling future expansion.

(Source: LHV Group Press Release)

Read more at GlobeNewswire: LHV Groupi 2025. aasta II kvartali ja 6 kuu auditeerimata