Luminor Bank

Luminor Bank AS
IndustryFinance
PredecessorsBranches of Nordea and DNB in Estonia, Latvia, and Lithuania
Founded2017; 7 years ago (2017) in Tallinn, Estonia
Headquarters
Tallinn
,
Estonia
Area served
Estonia
Latvia
Lithuania
Key people
Wojciech Sass (CEO)
Nils Melngailis (Chairman)[1]
ServicesRetail banking
Total assetsover €15 billion[2] (2018)
OwnerBlackstone Group (80.05%)
DNB (19.95%)
Number of employees
3,000[2] (2018)
Websiteluminor.ee
Lithuanian HQ in Vilnius CBD

Luminor Bank AS is a bank headquartered in Tallinn, Estonia, with branches in Latvia and Lithuania.[3] As of 2019 it was the third-largest bank in the Baltics, with a deposit market share of 16% and lending market share of 22%.[1] In June 2024, it was reported that both OTP Bank and UniCredit were bidding to acquire control of Luminor from the Blackstone Group.[4]

  1. ^ a b Cite error: The named reference err020119 was invoked but never defined (see the help page).
  2. ^ a b Cite error: The named reference err220119 was invoked but never defined (see the help page).
  3. ^ Cite error: The named reference ee060219 was invoked but never defined (see the help page).
  4. ^ Jan-Henrik Foerster, Sonia Sirletti, & Swetha Gopinath (25 June 2024). "UniCredit Competing With OTP to Buy Blackstone's Luminor". Bloomberg News.{{cite web}}: CS1 maint: multiple names: authors list (link)