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 introduces a mortgage loan offer specifically for energy-efficient housing.
- Luminor is directly integrated with Noda for seamless transactions in Estonia, Latvia, and Lithuania, eliminating intermediaries to reduce costs and processing time.
- Luminor now offers a fixed interest rate consumer loan throughout the loan agreement duration.
- 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 Latvija has been recognized for the third time as a cooperation leader in real estate transactions in the Kurzeme region by PILAT Nekustamie īpašumi.
👔 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
- Birutė Eimontaitė has started working as the Head of Communications at Luminor, bringing over 10 years of leadership experience in communications and marketing.
- Luminor Latvija encourages individuals to apply for opportunities to gain real-world experience and skills.
- Andrius Načajus, previously a member of the group management board at Luminor Bank, will become the CEO of INVL Asset Management on April 1, 2025.
- Luminor has opened applications for its Illuminate 2025 summer internship program, with a deadline of April 18.
- Elena Gorohhova, Chief Data Officer at Luminor, leads initiatives to improve data quality, compliance, and strategic data use.
- Luminor's strategic HR partner Liis Mullaste discusses the potential for a four-day workweek in response to labor market changes.
- 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 is the bank where Arc-Padangos, MB holds its account.
- Luminor Bank supported Baltic Workboats AS in financing a €110 million contract with the Belgian company DAB Vloot.
- Luminor Bank supported the completion of a modern waste sorting center in the Baltics with Eco Baltia Group in early 2025.
- Luminor Latvija collaborated with Mārketinga akadēmija on the fifth series of the broadcast 'Your business' focusing on product pricing.
- 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 Financials, Fundraising and Valuation News
- Luminor has provided €12 million in funding to Baltic Container Terminal in Latvia to support its development and infrastructure expansion, as emphasized by Ilze Zoltnere, Head of Corporate Department.
- Luminor has granted an additional €700,000 to SIA X GROUP for new equipment, bringing their total funding to nearly €2 million, according to Ilze Zoltnere, Luminor's Corporate Department Head.
- Luminor bank financed 6.7 million EUR for the acquisition of two Lidl store buildings in Lithuania.
- In February, Luminor's first AT1 bond issuance attracted significant investor interest, highlighting a trend of smaller names entering the AT1 market.
- Morgan Stanley ended the stabilization period for Luminor's Additional Tier 1 perpetual bonds without any stabilization activities.
- Luminor is co-financing a 148 MWp solar energy park in Ventspils, Latvia, developed by European Energy's subsidiary SIA Stelo Orienta, with a total funding of 68 million euros.
- Analysts believe that OTP Bank's acquisition of the Estonian Luminor Bank may have fallen through, leaving funds available for dividend payments.
- Luminor issued €150M additional Tier 1 notes on February 14, 2025.
People also viewed
- Solva |
- Adapundi |
- Veritas Solicitors |
- Barings Law |
- NAVEX |
- a1qa |
- OneTrust |
- TymeX
