All agreed loans

Estonia. AS LHV Pank

Date of agreement: 25 May 2018
Country: Estonia
Customer: AS LHV Pank
Amount in EUR: EUR 20 million
Maturity: 5 years
NACE sector / loan type: Loan programme
Business area: Financial institutions and SMEs


The loan programme is earmarked for financing investments of small and medium-sized enterprises (SMEs) in Estonia in conformity with NIB’s eligibility criteria.

AS LHV Pank is part of AS LHV Group established in 1999. LHV is the largest domestically owned banking group and the fourth largest in terms of assets in Estonia. LHV Pank has 150,000 customers. Corporate loans account for 75% of LHV Pank's loan book.

Fulfilment of NIB's mandate

The loan allocations are expected to fulfil the eligibility criteria for a good rating for loan programmes to SMEs. As a segment, SMEs produce approximately three quarters of the total added value of Estonia’s economy, which is more than the EU average.

Sustainability summary

Projects to be financed through a financial intermediary must fulfil the sustainability requirements defined in NIB’s Sustainability Policy and Guidelines. AS LHV Pank will screen and approve projects eligible for funding under the NIB-financed loan facility. Category A projects are excluded under this facility and the sustainability assessment of all potential category B projects will be carried out by NIB.

Press release

NIB ja LHV Pank rahastavad VKEde investeeringuid Eestis