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In December, the European Central Bank (ECB) presented AS LHV Group with the outcome of Supervisory Review and Evaluation Process (SREP) for capital adequacy calculation. Previously under the supervision of the Estonian Financial Supervision and Resolution Authority, AS LHV Group and its subsidiary AS LHV Pank have been subject to direct supervision by the ECB since 1 January 2023. According to the ECB’s decision, Pillar 2 capital requirements and guidelines for LHV Group will remain at the exis ....
Economic analysts believe that a recession in the second half of 2022 is likely, with developments largely dependent on whether, and how, the government supports businesses which struggle to cope with rising energy prices this fall. ....
Following similar actions by other banks in Estonia, LHV Pank has announced it will stop accepting payments from banks in the Russian Federation, in response to the Russian invasion of Ukraine starting February 24. ....
Leading commercial banks Swedbank and SEB have not allowed bank transfers to or from Russia for some time, while LHV has been accepting some incoming payments but is planning additional restrictions. ....
With most Estonian commercial banks, a private individual can only use a leased vehicle for offering ridesharing services based on a special agreement. If approved, such a request tends to result in a more expensive contract. ....