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RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡

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Luminor

🌎 luminor.lv

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.

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Luminor - Latest News and Updates

• Luminor is collaborating with Visa to offer €10,000 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 raised €200 million in Tier 2 capital.
• Luminor successfully issued a €200m subordinated bond on October 7, which was oversubscribed with over €800m in orders from nearly 100 investors across 25 countries.
• On October 14, 2024, Luminor appointed Enkelejd Zotaj as Chief Information Officer and Management Board member.
• Kristaps Žabars has left Luminor as a Senior Relationship Manager in Latvia to join BluOr Bank as a Senior Credit Project Manager.

• Kaspars Sausais, Luminor's head of housing loans, predicts that housing prices in Latvia will continue to rise, influenced by property location and demand.
• Luminor Bank AS is active in the covered bond market in Estonia.

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