LHV supports local culture

TALLINN - LHV Bank and Estonian Traditional Music Center signed a contract of cooperation according to which the bank continues to support Viljandi Folk Music Festival and is the first enterprise to lend a hand and contribute to the year-round activities organized by the center. The chairman of the board of LHV Bank, Erki Kilu, and Director of the Traditional Music Center Ando Kiviberg signed the contract in the small hall of the center where the bank was holding its customers.

Kilu emphasized that LHV is a bank based on Estonian capital, which is why they are interested in participating in the events that aim at preserving Estonian national culture. “Entrepreneurs have to contribute in a situation where the state resources are limited in order to assure the sustainability of preserving and developing national culture,” he said.
“The collaboration of more than a year has proved to us that the power of the Estonian Traditional Music Center does not reside merely in one big summer event, it lays rather in their active year-round functioning in Viljandi and in other towns. That is why we decided, in addition to sponsoring the festival, to support the seasonal activities of the center as well,” he added.

Kiviberg mentioned that the economic crisis has, within the past couple of years, directly or indirectly had its impact on all of society and that is why it is especially important to value highly these enterprises who, despite everything, can pay attention to permanent values. “It is a pleasure to work together with people who understand that keeping traditional music alive is not just entertainment; it is an activity vital for the survival of traditional music. It is the musical mother tongue of our nation that touches everybody, to a larger or smaller extent.”

LHV Bank was established in 1999, based on Estonian capital, and is active in Estonia, Latvia and Lithuania. LHV Bank was granted its activity license as a credit company on May 6, 2009. LHV became a major supporter of Viljandi Folk Music Festival in January 2009.