To promote growth and development of Baltic SMEs and mid-cap companies, Luminor-managed pension funds in Latvia, Lithuania and Estonia have invested into a new private equity fund Raft Capital Baltic Equity Fund. Luminor’s total investment in the first closing of Raft Capital Baltic Equity fund has reached is 13.5 million euros. Raft Capital Baltic Equity […]
Luminor delivered an enhanced performance in 1Q24, strengthening its liquidity and capital positions. The bank’s credit quality remains robust with non-performing loans at 2% of gross lending. Luminor increased profits to 66.8 million EUR in the first quarter, a 10.8% increase compared to the prior year period. At the same time, bank taxes in Latvia […]
Moody’s Ratings (Moody’s) announced the upgrade of Luminor Bank’s long-term senior unsecured rating to A3 from Baa1, and long-term deposit rating to A2 from A3. Following this, Moody’s changed its rating outlook to stable. Explaining its decision, Moody’s noted the improved asset quality of the bank, very strong core capitalisation and successful access to wholesale […]
On the initiative of three Baltic States banking associations and financial companies, a greenhouse gas (GHG) emission calculator has been created, which will help companies assess the carbon footprint of their activities. The tool is free of charge and freely available for use by any business, public authorities, and other organisations. To contribute to the […]