In the last year, LHV has expanded into two new markets: personal savings (via a partnership with Raisin and Flagstone) and SME loans (by acquiring the lending book of Manchester-based regional lender Bank North).

By year's end, retail deposits had reached £207 million, and LHV Bank's SME loans division in the UK had amassed a £69 million lending portfolio to assist trade SMEs and commercial real estate investment organizations.

"We are now in a strong position to continue building our propositions and extending customer support across all areas of our business," says CEO Erki Kilu. "We are well capitalised and funded." LHV Bank will prioritize growing commercial volumes, transferring euro payments, and introducing its retail banking service.