Luminor announced today its financial results for 1Q25, reporting increased mortgage lending, decreased expenses, and continued quality of its loan book. The bank’s liquidity and capital positions remained strong. Luminor generated a profit after tax of 45.4 million EUR in the quarter as compared to 66.8 million EUR in the same period last year. Total […]
Uldis Cērps, CEO of Finance Latvia April 8, 2025 Distinguished participants of the Baltic FinReg Summit 2025! First, I would like to thank Cobalt and the European Investment Bank for having the opportunity to address this distinguished audience and for Finance Latvia Association for supporting this event. I will use the next 20 minutes to […]
Luminor Bank has provided EUR 12 million in financing to one of Latvia’s largest container terminals, Baltic Container Terminal (BCT), located in the territory of the Freeport of Riga, in Daugavgrīva. The funding will be used to facilitate the company’s development – to finance working capital, purchase new equipment and develop infrastructure. “Baltic Container Terminal plays an […]
On 8th April, Riga will host the 9th Baltic FinReg Summit, a top-tier forum for the financial industry that brings together leading experts to discuss current trends and opportunities within the Baltic financial sector. The summit traditionally features high-level panel discussions among regulators from all three Baltic countries, alongside top industry representatives, addressing the latest […]
