LHV Pank
Company typePublic company
Nasdaq Baltic: LHV1T
ISINEE3100102203
IndustryBanking, Financial services
Founded1999
FoundersRain Lõhmus, Tõnis Haavel & Andres Viisemann
HeadquartersTallinn, Estonia
Key people
  • Kadri Kiisel Chairman of the Management Board
  • Andres Kitter Member of the Management Board
  • Indrek Nuume Member of the Management Board / Head of Private and Business Banking
  • Meelis Paakspuu Member of the Management Board of LHV Bank / Chief Financial Officer
ProductsRetail, commercial and private banking
Increase €39.8 million (2020)[1]
Number of employees
500 (2020)
Websitewww.lhv.ee/en/
LHV Pank's ATM installed at Kristiine Centre in August 2015.

LHV Pank (originally Lõhmus, Haavel & Viisemann) is an Estonian banking and financial services company headquartered in Tallinn. It is a subsidiary of AS LHV Group, a public company listed on the Nasdaq Tallinn Stock Exchange. The bank's clients include private individuals, small and medium-sized companies and institutional investors. LHV Pank is the third largest bank in Estonia.[2] LHV has branch offices in Tallinn, Tartu and Pärnu. LHV Pank employs over 800 people. More than 350 000 clients use the bank's services. LHV Pank is one of the largest brokers on NASDAQ OMX Baltic stock exchanges and the largest broker for Baltic retail investors in international markets.[3]

LHV Pank was fully cash-free—operating only with electronic transfers and card payments—until August 2015, when they opened their first ten Automated teller machine (nine in Tallinn and one in Tartu).[4][5][6]

LHV Pank has been identified as a partner in the virtual e-residency of Estonia program, enabling e-residents to open a bank account in Estonia.[7]

Starting November 2018, the bank decided to charge all non-residents and their controlled companies (which includes e-residents and their companies) €10 in case of EU/EEA residents or €20 of others monthly, citing the need for extra financial and anti-laundering control.[8]

LHV has been designated in 2022 as a Significant Institution under the criteria of European Banking Supervision, and as a consequence is directly supervised by the European Central Bank.[9]

History

This article is in list format but may read better as prose. You can help by converting this article, if appropriate. Editing help is available. (September 2015)

References

  1. ^ "AS LHV Group Consolidated Annual Report 2020" (PDF). Retrieved 31 March 2021.
  2. ^ Major Banks of Estonia
  3. ^ "Consolidated Annual Report 2013" (PDF). LHV Pank. Archived from the original (PDF) on 5 March 2016. Retrieved 23 March 2015.
  4. ^ J.M. Laats (24 August 2015). "LHV opens first ATMs". Eesti Rahvusringhääling.
  5. ^ "LHV hakkab sularahaautomaate paigaldama". Postimees/BNS. 17 August 2015.
  6. ^ Kadri Hansalu (24 August 2015). "LHV oli sunnitud looma oma sularahaautomaatide võrgu". Postimees.
  7. ^ The Ultimate Guide to Estonian E-residency, Banking, and Taxes. Nomad Gate.
  8. ^ "LHV Pank Pricelist". 1 November 2018.
  9. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
  10. ^ "LHV lühiajalugu". 2 February 2021.
  11. ^ "LHV finantseerib uute diiselsõiduautode soetamist aastani 2030". Forte. Retrieved 15 July 2022.

External links

Categories