LHV reduced the holding and transaction fees for foreign shares

14. December 2020

From 4 January 2021, clients of LHV Pank will be subject to significantly lower fees than before when trading foreign shares and holding foreign securities.

Pursuant to the new price list, a transaction with foreign shares with a value of up to EUR 1000 costs just EUR 11, and the fee for a transaction with a value of up to EUR 10,000 is EUR 14. Compared to the previous price list, this means a transaction fee that is twice as favourable for the client. A transaction fee of 0.14% is applied to transactions exceeding EUR 10,000.

In addition, private persons are able to hold foreign securities with a value of up to EUR 50,000 on their LHV securities account without being subject to a securities management fee. A monthly fee of just 0.01% is added to the value of the foreign securities in the case of legal persons, and the same rate applies to the portion of the foreign securities portfolio that exceeds the EUR 50,000 threshold in the case of private persons.

LHV is the market leader in investment services, and with the aforementioned changes, LHV is offering investment conditions that are clearly more favourable than other Estonian banks*.

‘During 2020, the number of clients at LHV who invest in foreign shares has nearly doubled. With the new price list, we are acknowledging the decision of our clients to look for the best investment opportunities in the world on foreign stock markets, and also encouraging other investors to look for new and attractive investment opportunities with as global a view as possible, from the Baltics and the United States, Scandinavia, and elsewhere’, commented Martin Mets, Head of Investment Services at LHV.

‘LHV Pank is already the largest provider of investment services in Estonia, and we believe that with the new, more attractive price list, we will be able to further increase the number of investment clients. The purpose of LHV has always been to become the ‘home’ of investment in Estonia. For this reason, we have consistently offered the best conditions for investing in Baltic shares, more favourable taxation conditions for US securities, organised free investment seminars for 20 years in a row already, organised the “Stock Shark” game, and contributed to the development of Estonia’s investor community through events and supporting investment literature. We also hope that people beginning to invest in 2021 would find their way to us’, said Mets, while introducing LHV’s strategy.

Prices were also lowered in the LHV Trader and LHV Growth Account price lists – you can review the detailed price list on the LHV website.

It should be noted that the new transaction fees will be applicable to transaction orders entered from 9:00 on 4 January 2021. The old price list will be applicable to orders submitted before that.

*Securities account products offered by Estonian banks, excluding separate trading platforms such as LHV Broker, LHV Trader or Luminor Investor.

LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank and LHV Varahaldus. LHV employs over 490 people. LHV’s banking services are used by more than 235,000 clients, and pension funds managed by LHV have more than 183,000 active clients. LHV’s UK branch offers banking infrastructure to 130 international financial services companies, via which LHV’s payment services reach clients around the world.

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