LHV Bank surpasses £500m active loan book and £1bn in total assets

LHV Bank has announced its July results, reporting a month of strong growth and profitability.

The UK-based bank has now exceeded a £500m active loan book, with total loans issued to date surpassing £550m.

Total assets reached more than £1bn in July.

LHV Bank’s loan book is primarily made up of commercial real estate, trading business mortgages, and specialist buy-to-let (BTL), reflecting its focus on supporting business growth and property investment.

In July, deposits from customers rose to £892m while the loan portfolio grew by £20m.

Net profit for the month stood at £346,000, bringing year-to-date profit to £2.23m.

Business volumes through intermediary lending remained stable and in line with the business’s plan, while retail banking development continues, supported by the launch of Apple Pay for customers.

Earlier this year, LHV Bank reported a 30% increase in its loan book during the first quarter, underlining the sustained demand for its lending solutions and the pace of its growth in the UK market.

Erki Kilu (pictured), CEO of LHV Bank, said: “Crossing the £500m milestone in our active loan book and reaching over £1bn in assets marks an important step forward for LHV Bank in the UK.

“It demonstrates the strength of our lending model and the trust placed in us by both brokers and customers.

“What makes this particularly encouraging is that growth has been achieved while maintaining strong profitability and a stable funding base.

“We have issued over £550m in loans to date, supporting businesses and investors across the UK, and we see continued demand for financing solutions that are fast, transparent, and sustainable.

“As we build on this momentum, our focus remains on serving the broker community, supporting SMEs, and expanding our product set to meet the needs of both business and retail customers.”

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