Vladislavs Mironovs, Chief Strategic Officer of Citadele, contributing to the bank’s business development, has decided to step down from his position to pursue career opportunities outside the Baltics. Rūta Ežerskiene, Chair of the Management Board of Citadele: “We are grateful for Vladislavs’ contributions and wish him the best in his future endeavors. His dedication and […]

Luminor reported growth in lending to individuals, reduced expenses, and improved loan book quality in 3Q24, while maintaining strong liquidity and capital positions. In October, Moody’s upgraded Luminor’s rating to A2. Luminor generated a profit after tax of 55.0 million EUR in the quarter as compared to 64.9 million EUR in the same period last […]

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%. […]