Estonia’s LHV Bank to open a branch in the UK
LHV will open the branch to develop its business line. The UK branch will allow it to join the pound payments system and provide financial intermediaries with a real-time payment service in both euros and pounds, the company said in a statement - writes estonianworld.com.
The bank is already a member of the euro payments system and is also participating in the instant payments system working group.
LHV intends to open the necessary accounts at the Bank of England and join the pound payments system at the earliest opportunity, it said. The company plans to start servicing financial intermediaries by the end of 2018.
The bank is aiming to open the UK branch on 19 March.