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    Signature(s)

    Amount
    € 115,000,000
    Countries
    Sector(s)
    Latvia : € 25,001,000
    Lithuania : € 30,003,500
    Estonia : € 59,995,500
    Credit lines : € 115,000,000
    Signature date(s)
    21/11/2023 : € 25,001,000
    21/11/2023 : € 30,003,500
    21/11/2023 : € 59,995,500
    Link to source

    Summary sheet

    Release date
    14 July 2023
    Status
    Reference
    Signed | 21/11/2023
    20230112
    Project name
    Promoter - financial intermediary
    LUMINOR LOAN FOR SMES AND MIDCAPS
    LUMINOR BANK AS
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 115 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    The operation will support Luminor Bank's expansion in the lending sector targeting small and medium sized enterprises (SMEs) and mid-caps in the Baltics. At least 20% of the operation will be dedicated to Climate Action.

    The aim is to enhance access to loan finance for Luminor Bank's target beneficiaries, with a focus on Climate Action projects.

    Environmental aspects
    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Milestone
    Under appraisal
    Approved
    Signed
    14 September 2023
    21 November 2023
    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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