Luminor Bank products, services and reviews

About Luminor Bank

Luminor Bank AS is a Baltic banking group formed in 2017 by combining the operations of Nordea and DNB in Estonia, Latvia, and Lithuania, operating as a single Estonian-licensed bank with branches in Latvia and Lithuania and headquartered in Tallinn. It is among the larger universal banks in the region by loans and deposits and is majority-owned by funds managed by Blackstone, with legacy shareholders retaining minority interests. The bank provides retail and corporate services including current and savings accounts, payment cards, SEPA and international transfers, consumer loans, mortgages, SME and corporate lending, trade finance, leasing, cash management, and treasury/FX, delivered through online and mobile channels and a network of branches and service points in major cities; digital onboarding is available to eligible customers subject to local identification methods. Luminor is regulated by the Estonian Financial Supervision and Resolution Authority within the European Central Bank’s Single Supervisory Mechanism; deposit protection for customers in all three Baltic states is provided by Estonia’s Guarantee Fund up to €100,000 per depositor in line with EU rules. The bank funds itself through customer deposits and capital markets instruments, including covered bonds and senior/MREL-eligible debt, and reports regulatory capital and liquidity ratios above minimum requirements in public disclosures. Account opening, cross-border services, and payment processing are constrained by standard EU AML/KYC, sanctions, and risk policies, and onboarding for higher-risk profiles and some non-resident customers is limited or may require additional documentation. Fees apply for account packages, cards, transfers, and cash services, with pricing and product availability varying by country and client segment; services are euro-focused with foreign currency and international payments offered primarily for business needs, and payment routing can be affected by local rules and sanctions regimes.