Estonian
Today, on 4 February 2021, a subsidiary of AS LHV Group, private limited company LHV UK Limited was registered at Companies House in the United Kingdom.
After establishment, the company will start applying for a banking (credit institution) licence in the United Kingdom. Subject to the company obtaining the required regulatory approvals, the plan is to form a standalone bank located in the United Kingdom, with the aim of creating clearer distinction between the business activities of AS LHV Group in Estonia and the United Kingdom. So far, AS LHV Pank has operated in the United Kingdom via a branch entity.