Luminor Bank products, services and reviews

About Luminor Bank

Luminor Bank is a Baltic universal bank created in 2017 by combining the Baltic operations of Nordea and DNB, with a subsequent majority stake acquired by a Blackstone-led consortium in 2019; it is incorporated as Luminor Bank AS in Estonia, with operations in Estonia, Latvia, and Lithuania. The bank offers retail and corporate services including current and savings accounts, cards, domestic and international payments, mortgages, consumer loans, SME and corporate lending, trade finance, leasing, investment and pension products, and private banking, delivered through a reduced branch footprint and digital channels (internet and mobile banking) that support strong-customer-authentication and common mobile wallet integrations such as Apple Pay and Google Pay where available. Accounts, pricing, and product features vary by country; typical retail pricing involves monthly package fees, card issuance and maintenance fees, ATM withdrawal limits with charges above free thresholds, and standard charges for international transfers and currency exchange; lending is commonly priced off Euribor plus a margin, while deposit and term deposit rates reflect prevailing euro interest rates and change regularly. The bank is licensed and supervised in Estonia within the European banking union’s Single Supervisory Mechanism framework and is subject to EU prudential, conduct, and AML rules; eligible deposits in all its Baltic operations are protected by the Estonian Guarantee Fund up to €100,000 per depositor, per bank. Luminor reports capital and liquidity ratios above regulatory minima, funds its balance sheet primarily with customer deposits supplemented by wholesale funding (including covered bonds), and publishes audited annual reports and Pillar 3 disclosures; external credit ratings and funding costs depend on market conditions and may change. Digital onboarding is available in the Baltics using local electronic identification tools, while non-resident and higher-risk cases may require in-person verification and additional documentation; business customers need standard corporate documents, ownership information, and evidence of business activity. The bank supports SEPA payments and SWIFT for cross-border transfers, offers Visa and Mastercard-branded debit and credit cards with chargeback rights under scheme rules, and provides multilingual customer support across the three markets; cash services are limited and may involve fees or partner networks. Key risk factors include concentration in the small, open Baltic economies, exposure to residential mortgage markets and SMEs, and sensitivity to interest rate and funding conditions; the bank maintains standard risk management, recovery planning, and resolution frameworks in line with EU requirements.