Luminor | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights
Luminor is the leading independent bank in the Baltic states and the third-largest financial services provider in the region. The...
Luminor is the leading independent bank in the Baltic states and the third-largest financial services provider in the region. The bank aims to drive change and contribute to the community by fostering an economic environment with a future perspective. With a strong local presence and roots in the Nordic countries, Luminor combines global knowledge with local expertise to support sustainable growth in the Baltic region, offering reliable long-term services to both businesses and individuals.
Website
Headquarters
Skanstes iela 12 , Riga, LV-1013, LV
Size
501-1000 employees
Industry
Banking
🛍️ Luminor Product and Pricing News →
👔 Luminor CEO, Management and Leadership Team →
⚔️ Luminor Alternatives and Competitors →
💼 Luminor Hiring and Layoffs →
🤖 Luminor Developer, Integration and Automation News →
📈 Luminor Financials, Fundraising and Valuation News →
🛍️ Luminor Product and Pricing News
- Luminor, previously known as Nordea, issued around 300 Swiss franc loans before halting due to rising exchange rates, and is currently involved in legal disputes over the fairness of these loan agreements.
- Luminor announced that pension level 2 contributions will decrease from 6% to 5% in 2025.
- Loreta Načajienė, head of Luminor investicijų valdymas, announced that starting January 1, 2025, state contributions to second pillar pension funds will increase, and a new fund for participants born between 2003-2009 will be established.
- Luminor's Latvian branch must ensure unified ATM cash availability across the country by January 1, 2025, as per Bank of Latvia regulations.
- Luminor has expanded its service categories to include Cryptocurrency Service, Financial Consultant, Financial Institution, Money Transfer Service, and Non-Bank Financial Service.
- Luminor will host open house days on February 22-23 in Jūrmala, Latvia.
- Luminor offers the Black card benefits for free for the first 2 months to new customers.
- Luminor won the Best Innovation in Retail Banking award in Estonia.
👔 Luminor CEO, Management and Leadership Team
⚔️ Luminor Alternatives and Competitors
- DNB Bank |
- Bank Norwegian |
- Svenska Handelsbanken |
- Nordea Bank |
- Bluestep Bank |
- Holm Bank |
- Valyuz |
- Bank of Aland |
- Crassula |
- Noviti Finance |
- EverTrust Bank |
- SAFE 1 CREDIT UNION |
- Monterey Credit Union
💼 Luminor Hiring and Layoffs
- Luminor appoints Jonas Urbonas to its Management Board.
- Linda Budrecka has started a new position as Advisor at Luminor Latvija.
- Birutė Eimontaitė has started working as the Head of Communications at Luminor, bringing over 10 years of leadership experience in communications and marketing.
- Edgars Pilips has been appointed as the Acting Head of People & Culture at Luminor Group, focusing on enhancing workplace culture and people strategy across the Baltic region.
- Kerli Vares, Luminor's board member and head of the Latvian branch and personal banking, will leave her position on December 30, with Ossi Leikola becoming the new head of the Latvian branch on December 31.
- Kerli Vares will leave her roles as head of Luminor's Latvian branch and personal banking on December 30, 2024, after seven years with the company.
- Indrė Baltrušaitienė, Luminor's Head of Communications in Lithuania, will leave the bank on January 9, 2025, after leading the communications team since 2020.
- Luminor is hiring a KYC/AFC Analyst in Riga to manage their SWIFT RMA network and conduct due diligence on counterpart banks.
🤖 Luminor Developer, Integration and Automation News
- Luminor has signed agreements with ALTUM for portfolio guarantees allowing entrepreneurs to borrow at least 83 million euros from banks.
- Luminor Bank supported Baltic Workboats AS in financing a €110 million contract with the Belgian company DAB Vloot.
- Luminor granted €1.65 million to SIA Oši V to expand into pellet production and Scandinavian export markets, as stated by Corporate Department Head Ilze Zoltnere.
- Luminor is financing CEWOOD's rapid development and increased production capacity.
📈 Luminor Financials, Fundraising and Valuation News
- Luminor Asset Management's pension funds are among the investors in INVL Group's €305m private equity fund.
- On February 5, Luminor completed its first perpetual additional Tier 1 bond issuance worth 150 million euros, attracting orders from over 140 investors across 25 countries.
- Luminor expects to report a net loss for the year ended December 31, 2024, according to a filing with the Singapore Exchange.
- Luminor has provided €890,000 in funding to HQ Chipper Parts for energy efficiency improvements at their Bauska facility.
- Luminor announces preliminary results for the full year 2024 on January 30, 2025.
- Luminor successfully completed a €35 million Tewox bond issue ahead of schedule, according to Gints Belevičs, head of markets at Luminor.
- Luminor increased its net profit by 4% to over 202 million euros last year, driven by higher commission income despite a stagnant loan portfolio and declining net interest income.
- Luminor has provided €6 million in funding to Bonava for a rental apartment building in Riga's Krasta kvartāls project.
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