LHV to acquire the Danske Bank’s Estonian corporate and public sector credits unit.

LHV Pank, a domestic financial group and capital provider in Estonia, agreed to acquire the Estonian corporate and public sector credits unit of Danske Bank. Financial terms were not disclosed. "After acquiring this portfolio, LHV has financed about 85 local governments or their business entities, including several of the bigger cities in Estonia. We consider that a bank based on Estonian capital could be a good and flexible financial partner for the local governments. To all our customers we offer our recognized best customer service and comprehensive banking services – in addition to loan products and payment services also point-of-sale terminals, our nation-wide ATM network and handy internet bank and mobile app," Madis Toomsalu LHV CEO.