Kaspar Kalvet, who until now headed LHV's financial risk department, will start working as the new CEO of a domestic capital based Holm Bank. Kalvet has an extensive work experience in the financial field: previously employed as the Head of Estonian unit of Citadele Bank and for a long time in various responsible positions in large international banks in Italy and Germany.
The deposits of the Estonian capital-based Holm Bank, which will soon be celebrating its fourth anniversary as a bank, exceeded the 100 million euro mark. According to Kaspar Kalvet, the bank’s CEO, the company will continue to offer attractive interest rates on deposits in order to encourage, above all, domestic customers to deposit their savings in Holm.
According to a survey organised by Holm Bank, companies don’t complain about the poor economic health of their business activity. However, many Estonian companies consider today’s economic environment more unstable for making investments than at the beginning of the coronavirus pandemic.
The Estonian-owned Holm Bank has started offering energy loans with the option of a seasonal repayment schedule so as to help private clients people boost the energy efficiency of their homes.
The Estonian-owned Holm Bank will be issuing home loans for the purchase or construction of a new home or the renovation or reconstruction of an existing home.
The loan portfolio of the Estonian-owned Holm Bank grew by 8.2% to 62 million euros in 2021, which Rauno Klettenberg, the chairman of the bank’s management board, says is a good result considering the unpredictability of the economic environment. The bank’s customer base grew to 680,000 during the period.