Lõhmus, Haavel & Viisemann received a credit institution activity licence
On 6 May 2009, the Financial Supervision Authority granted an activity licence to AS Lõhmus, Haavel & Viisemann. In the near future, the name of the company will be changed to AS LHV Pank.
The credit institution activity licence grants the right to involve the deposits and other monetary means of the general public which are to be repaid. At the same time, AS Lõhmus, Haavel & Viisemann continues providing investment and ancillary investment services, but now under the framework of a credit institution activity licence.
The chairman of the supervisory board of the company that received the credit institution activity licence is Rain Lõhmus and members of the supervisory board are Andres Viisemann, Tiina Mõis, Hannes Tamjärv and Heldur Meerits. The chairman of the management board is Erki Kilu and members of the management board are Kerli Lõhmus, Jüri Heero, Erki Kert and Indrek Nuume. The amount of share capital of AS Lõhmus, Haavel & Viisemann is MEEK 100. The sole shareholder of the credit institution is AS LHV Group.
With the granting of the credit institution activity licence, the activity licence of investment firm AS Lõhmus, Haavel & Viisemann was declared invalid, as a financial institution cannot be simultaneously a bank as well as an investment firm.
The last time the Financial Supervision Authority granted a credit institution activity licence was on 27 September 2005, to Balti Investeeringute Grupp AS (currently AS BIGBANK).
The list of all banks operating in Estonia is available on the website of the Financial Supervision Authority: www.fi.ee > Supervised entities.