Uldis Cērps, CEO of Finance Latvia Keynote speech at the Boardroom Lunch event organized by the Stockholm School of Economics and Pedersen & Partners It is a billion-dollar question how to develop capital markets from scratch. I had the opportunity to be a part of such a process 30 years ago here in Latvia. We […]
Luminor launched the issue on Monday 7 October and was oversubscribed quickly with Luminor receiving over €800m in orders from nearly 100 investors located across 25 countries. The size, quality, and diversity of the orders enabled Luminor to price the security at a spread of 300 basis points over mid-swaps with a coupon of 5.399%. […]
Moody’s Ratings (Moody’s) announced the upgrade of Luminor Bank’s long-term senior unsecured rating to A2 from A3. In addition Moody’s assigned a rating of Baa3 to Luminor’s newly issued subordinated debt securities. Explaining its upgrade of Luminor’s senior unsecured debt securities, Moody’s noted that the increased volume of loss-absorbing securities provided by the recent issue of subordinated […]
Luminor reported growth in loans to customers, reduced expenses, and improved loan book quality in 2Q24, while maintaining strong liquidity and capital positions. In Retail Banking, enhancements made to customer offerings and process efficiencies led to growth in new lending. Corporate Banking saw continued demand for investment in the renewable energy sector, and launched its […]