While Coop Pank's profit figures have been below last year's level for some time now, LHV's situation has been considerably better. However, in July, LHV also showed a decrease in profit compared to the same period last year. /nginx/o/2024/03/20/15957445t1haf1d.jpg)
LHV bank main building. Photo: Svetlana Aleksejeva
While Coop Pank's profit figures have been below last year's level for some time now, LHV's situation has been considerably better. However, in July, LHV also showed a decrease in profit compared to the same period last year.
In July this year, LHV's net profit was EUR 12.1 million. Of its subsidiaries, AS LHV Pank posted a net profit of EUR 12.1 million, AS LHV Varahaldus EUR 88,000 and AS LHV Kindlustus EUR 126,000. At the same time, LHV Bank Ltd posted a net loss of EUR 192,000.
In July last year, LHV's net profit was EUR 13.5 million. AS LHV Pank earned EUR 11.9 million in net profit, LHV Bank Limited – EUR 1.4 million, AS LHV Varahaldus – EUR 0.4 million, and AS LHV Kindlustus – EUR 0.1 million in net profit.
