LHV takes over Danske’s participation in joint ATM network in Estonia

LHV Bank, Luminor Bank, Danske Bank and Worldline entered into a contract, which makes LHV Luminor’s new partner in the joint ATM network instead of Danske Bank. LHV will be serving the new network in the future.

As Danske Bank is terminating its banking operations in Estonia, it will also exit the joint ATM network of Danske and Luminor. On 5 June, Danske Bank and LHV Bank signed a contract, according to which LHV intends to acquire the private client loan portfolio of Danske. LHV Bank joining the joint ATM network is therefore also a logical step.

This will increase the ATM network for LHV’s clients fivefold from the present 25 ATMs to 125. LHV will inform its clients separately as soon as the additional ATMs are ready for use free of charge.
Luminor’s clients can continue to use all current ATMs as before.

“LHV Bank is still growing fast,” said CEO of LHV Bank Erki Kilu. “The number of our clients is increasing all over Estonia and this step helps us guarantee our clients even better access to the cash service. We want to make banking convenient for our clients throughout Estonia. I am very pleased about our partnership with Luminor LHV joining the ATM network is a significant event that takes us a step closer to a joint ATM network in Estonia.”

“The journey of our bank started with big changes and there are still plenty of them every day, as we’re moving towards better digital services and solutions,” said Head of Retail Banking at Luminor Kerli Gabrilovica. “We’re changing the concept of our branches in all Baltic States and moving cash from branch counters completely to ATMs. We’re very pleased that LHV is our new partner in the development of an ATM network that covers the whole of Estonia. We believe in the partnership and are looking for cooperation opportunities so that we can offer better or more efficient services to clients.”

There are plans to update the appearance of the ATMs in the joint network, relocate some of the present ATMs and make the necessary changes to them this summer.