Luminor delivered an enhanced performance in 1Q24, strengthening its liquidity and capital positions. The bank’s credit quality remains robust with non-performing loans at 2% of gross lending. Luminor increased profits to 66.8 million EUR in the first quarter, a 10.8% increase compared to the prior year period. At the same time, bank taxes in Latvia […]
Moody’s Ratings (Moody’s) announced the upgrade of Luminor Bank’s long-term senior unsecured rating to A3 from Baa1, and long-term deposit rating to A2 from A3. Following this, Moody’s changed its rating outlook to stable. Explaining its decision, Moody’s noted the improved asset quality of the bank, very strong core capitalisation and successful access to wholesale […]
On the initiative of three Baltic States banking associations and financial companies, a greenhouse gas (GHG) emission calculator has been created, which will help companies assess the carbon footprint of their activities. The tool is free of charge and freely available for use by any business, public authorities, and other organisations. To contribute to the […]
With the advent of new European Union requirements, terms like “sustainability” and “ESG” (environmental, social, and governance) have become part of the daily vernacular for entrepreneurs in recent years. For companies, this entails certain obligations, including assessing their impact on the environment and actively reducing it, as well as planning their business development sustainably. Some […]