LHV Bank doubles its deposits and loans with profit after tax of £5m in 2025
LHV Bank returned 99% growth in deposits and 136% in loans, recording a profit after tax of £5m and a 5% return on equity in its 2025 annual financial results. The bank recorded £1.1bn in customer deposits and £0.7bn in lending, marking a strong year of growth in its second full year since launch across both retail and business services.
The bank’s results were driven by customer demand for LHV’s strong and fair rates, clear products and an approach built on simplicity rather than gimmicks. Business balances have grown steadily whilst higher volumes have been secured across SME lending, with a focus on profitable UK trading businesses.
Product development, to further enhance the bank’s app-only services and innovation continued to be a priority in 2025, resulting in the launch of the UK’s first current account into the market since 2021 with an attention-grabbing commitment to track and match Bank of England base rate or AER.
The account offers travel-friendly, fee-free debit cards with competitive exchange rates on spending abroad and a full range of payment options. On the retail side, direct and platform customer numbers rose to over 30,000 – a mix of current account holders and savers drawn by competitive easy access and term savings accounts which consistently feature in ‘best buy’ tables.
The senior leadership team grew through key appointments in marketing and lending, and LHV was recognised with a Sunday Times ‘Best Places to Work’ accolade for the second year in a row.