Luminor completes its inaugural hybrid capital security, a €150m Perpetual Additional Tier 1 note.  The offer was oversubscribed quickly with over €825m of interest from more than 140 investors located across 25 countries. The size, quality, and diversity of the orders enabled Luminor to price the security later the same day at a spread of […]

Presentation by Uldis Cērps, CEO of Finance Latvia, to the American Chamber of Commerce in Latvia (Amcham) on January 8, 2025 Dear Members of Amcham, It is a pleasure to be here today to share some thoughts on the current developments in the Latvian financial market, with a particular focus on the role of banks […]

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 […]