Kalvet previously headed the financial risk department of another Estonian bank, LHV.
Kalvet said of his appointment, “Clients need a financial partner who can tailor terms to their options and needs. I am extremely pleased with the flexibility that the relatively compact team in Holm has been able to offer its clients. With a team like this, we can boldly take on new perspectives and new projects.”
Rauno Klettenberg, whom Kalvet replaces at Holm, said the bank had reached a stage where new goals were needed. “I think it is right to give the new manager the opportunity to develop a new strategy and implement it. From today, Holm will be run by a very capable and dedicated unified team, which will certainly help Kaspar take Holm to new heights, both domestically and internationally.”
Kalvet’s resume includes leading Latvian bank Citadele’s Estonian unit and international banking in Italy and Germany, said Anu Art, Holm’s chief marketing officer.
Kalvet noted that Holm’s customer base and range of services have expanded in both Estonia and Latvia, with the number of customers increasing year on year.
The bank has meanwhile gained recognition both in the lending industry and as a provider of longer-term deposit accounts with very good terms, he said.
Holm is also open to Austrian and German customers, and the bank started offering home loans this year.
Kalvet takes over this week; Klettenburg had been interim CEO since the summer of 2019.
The European Central Bank granted a banking license to the former Koduliising AS, in spring 2019, when the company’s name was changed to Holm Bank AS.