Release date: 14 July 2023
Promoter – Financial Intermediary
LUMINOR BANK ASLocation
Description
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.
Objectives
The aim is to enhance access to loan finance for Luminor Bank's target beneficiaries, with a focus on Climate Action projects.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 115 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 21/11/2023
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).