
Bank LHV announced in mid December, that it intended to reduce by the end of the first quarter of the year in to save costs to 60 duties, but in the totally this number decreased to 44.”The collective reduction process was so that the first notice of the reduction counted 60 people, then negotiations followed. and the final number of people to be
reduced was 44, “, explained the Communications Advisor of the Cassa on unemployment Lauri Kool. LHV Pank reported a reduction of staff in December, calling the reason the economy. “Finding efficiency is part of everyday work in the entire enterprise, for many years we have attributed much importance to the development of technology and the automation of
work and we have resulted in the resolution: have found these types of work that can be performed more
efficiently, ” said Kadri Keisel, chairwoman of the Management LHV Pank. By today the negotiations were conducted with employees and notices of reduction were delivered. The total collective reduction affected 44
people. “In future we want to develop the LHV bank by improving the systems, not by increasing the number of employees. We must find places to increase
efficiency in all areas, ” Keisel said. “We are trying to focus on the primary, to work more efficiently and smarter, to ensure that there is no slack in general objectives, nor in day-to-day quality, ” added LHV Pank’s leader. Last year was a relatively successful year for LHV Group , For the first nine months the profit of 114 million euros (+5% compared with the previous year). The results were better,than projected at the beginning of 2024 year, and at the beginning of October the
financial plan was updated. If the first plan was the net profit of the group in the last year was 120 million euros, the revised plan is 150 million euros. Main part of profits will be
receivedfromLHVBankLHVGroup-thelargestdomesticfinancialconcernandcapitalproviderinEstonia.The mainsubsidiariesofLHVGroupareLHVPank,LHVVarahaldus,LHVKindlustusandLHVBankLimited.More than 1200 people work in the Consolidated Group’s enterprises.