The Estonian bank LHV Group, whose shares are traded on the Tallinn Stock Exchange, presented its performance results for the last quarter, which were improved. Today its shares are rising: LHV Group 3.47 (0.14%) .
This time, the net quarterly profit of Minimo Bank amounted to 38.586 million. euros, or eight percent more than a year ago during the same period. Meanwhile, compared to the first quarter of this year, it fell by five percent.
LHV Group's net interest income rose twelve percent and two percent respectively to 70.424 million. euros, and net commission and other income – by almost a third and five percent to 16.262 million. euros. Meanwhile, the losses of the loan and bond portfolio jumped 6.2 times and by 77 percent to 5.043 million. euros.
In total, during the first six months of this year, the aforementioned bank earned 79.288 million. euros or fifteen percent more than a year ago in the same period of net profit. Net interest income increased eighteen percent to 218.005 million. euros, and net commission and other income – by 31 percent to 41.166 million. euros. Loan and bond portfolio losses amounted to 7.894 million. euros, while a year ago in the first half the result in this area was positive and amounted to 0.954 million. euros.
LHV Group's share price has fallen by around one percent this year, and by 4.5 percent over the past one year. For comparison, the OMX Tallinn GI index fell by 1.2 percent and about eight percent, respectively.