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
๐๏ธ Luminor Product and Pricing News โ
๐ Luminor CEO, Management and Leadership Team โ
โ๏ธ Luminor Alternatives and Competitors โ
๐ผ Luminor Hiring and Layoffs โ
๐ค Luminor Developer, Integration and Automation News โ
๐ Luminor Financials, Fundraising and Valuation News โ
๐๏ธ Luminor Product and Pricing News
- Luminor has updated its mortgage offer to include a 0% interest rate for the first 12 months for A-class energy-efficient properties and 0% for the first 6 months for B and C-class properties, with a new total repayable amount of โฌ172,580.75.
- Courts ruled that Luminor's unilateral decision to close a client's bank account was illegal due to lack of a valid reason.
- Luminor launched an instant payment service for customers on October 30, 2024, enabling real-time transfers 24/7.
- Luminor has reduced its EUR term deposit interest rates for 3-month and 9- to 12-month terms from 3.15% and 2.90% to 3.00% and 2.60% respectively.
- Luminor faced a discrimination complaint after denying a credit extension to a client due to age, prompting the Equal Opportunities Ombudsperson to urge the bank to revise its credit assessment criteria.
- Luminor has joined the NGO CSR Latvia to engage in cross-sector working groups and knowledge exchange sessions on sustainability issues.
- Luminor has removed property insurance offerings from their website, focusing instead on financial growth solutions like savings and investment options.
- Luminor Bank's survey reveals that 49% of Latvians want a monthly pension of 1200-2000 euros, while the current average pension is 576 euros.
๐ Luminor CEO, Management and Leadership Team
โ๏ธ 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
๐ผ Luminor Hiring and Layoffs
- On October 14, 2024, Luminor appointed Enkelejd Zotaj as Chief Information Officer and Management Board member.
- Luminor has established a Customer Relationship Manager team to make outbound calls to clients, enhancing their experience and ensuring service alignment with client needs.
- Luminor offers 30 paid days for military training to its employees.
- Arsenijs Blohins has joined Luminor as a Customer Solutions Centre trainee in Latvia, previously holding a position at Luminor Latvija.
- Luminor is hiring a Financial Expert in Riga with a gross salary range of 3500 - 4700 EUR per month.
- Kristaps ลฝabars has left Luminor as a Senior Relationship Manager in Latvia to join BluOr Bank as a Senior Credit Project Manager.
๐ค Luminor Developer, Integration and Automation News
- Luminor bank is collaborating with UAB Projesta Group to ensure capital availability for a new 17 million Euro commercial and leisure complex in Vilnius.
- Luminor is collaborating with Visa to offer โฌ10,000 grants and a year of business training to two women-owned businesses in Latvia through the 'She's Next' program, with applications open until October 31.
- Luminor Bank AB is listed as the bank for UAB Megฤ's account number LT244010042502751076.
- Luminor provided โฌ4.76 million to support MS Siltums in building biomass heating plants and new heating pipelines in Latvia, enhancing energy efficiency and sustainability, according to Ilze Zoltnere, Head of Corporate Department.
- Luminor granted a โฌ1.88 million guarantee to Latvia's largest tour operator Tez Tour, as announced by Ilze Zoltnere, Luminor's Corporate Department Head.
๐ Luminor Financials, Fundraising and Valuation News
- Luminor provided โฌ3.2 million in funding to SIA 'ฤtrais torลu serviss' for purchasing new lifts for rental in the Baltic states.
- In 3Q24, Luminor reported a profit after tax of 55 million EUR, improved loan book quality, and Moody's upgraded its rating to A2.
- Luminor issued a new bond on September 10, 2024, with a 4.042% interest rate maturing on September 10, 2028, under ISIN XS2888497067.
- Luminor Bank raised โฌ200 million in Tier 2 capital.
- Luminor successfully issued a โฌ200m subordinated bond on October 7, which was oversubscribed with over โฌ800m in orders from nearly 100 investors across 25 countries.
- Luminor reported a 166.9 million euro profit for the first nine months of 2024 in the Baltic states, a 6.4% decrease from the same period last year.
- Kaspars Lukaฤovs, Luminor's personal lending manager in the Baltic states, noted that despite a 27% increase in loans to private individuals, high Euribor rates still restrict larger borrowing.
- Kaspars Lukaฤovs, Luminor's personal lending manager in the Baltic states, noted that despite a rise in loan issuance, high Euribor rates continue to restrict larger borrowing.
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