Luminor Bank AS

 (2.8; 8 ratings)
2.8 8
Business Focus
universal banking

DNB Pank started its operations in Estonia in 2006 with providing corporate banking products and services and then introduced retail banking products and services, leasing and insurance products. In 2017 DNB Pank was superseded by Luminor Bank AS, a joint venture of DNB and Nordea. Luminor Bank provides banking products and services to all customer groups with a special focus on small and medium-sized companies, as well as affluent private clients.

Services

retail banking
corporate banking

Clients

natural persons
companies

Area Served

EEEstonia

Products

current accounts
debit cards
credit cards
savings accounts
time deposit accounts
consumer loans
mortgage loans
car loans
pension accounts
business loans
leasing

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

Account Opening

Becoming a client of Luminor Bank AS can be done in a few steps:

1.
Submit online application
2.
Visit bank branch

Due to regulatory requirements Luminor Bank AS performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Luminor Bank AS will ask him/her to provide the following documents: passport or ID card; utility bill; wage slip. For corporate clients Luminor Bank AS will ask to provide corporate documentation as well as information about controlling persons. Luminor Bank AS may request additional documentation or information depending on the case. Luminor Bank AS performs client's identity verification via branch visit.

Ways to Bank

Luminor Bank AS delivers its products and services through both direct and indirect channels, namely:
branch
online banking
mobile app

Financials

Total Assets of Luminor Bank AS
Net_income of Luminor Bank AS
Market Share of Luminor Bank AS
Total Assets (2019)
13,759.58 mln EUR  (+256.95%)
Net Income (2019)
30.98 mln EUR  (-26.02%)

Luminor Bank AS is the 1st largest bank in Estonia in terms of total assets. In 2019 its total assets were 13 759,58 mln EUR, providing the bank with the market share of 36.87%. In 2019 the bank's net income was 30,98 mln EUR.

Credit Ratings

Fitch: -
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: A3
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

Luminor Bank AS is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is A3 (upper medium grade).

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Guarantee Fund of Estonia
Covered Depositors
natural persons (Estonian and foreign)
legal entities (Estonian and foreign)
Covered Accounts
current accounts
demand deposits
term deposits

Luminor Bank AS participates in the deposit guarantee scheme of Estonia. This deposit guarantee scheme applies to current accounts, demand deposits, term deposits made by natural persons (Estonian and foreign), legal entities (Estonian and foreign) and covers up to up to 100,000 EUR per bank per depositor. Luminor Bank AS is a member of Guarantee Fund of Estonia and makes its contributions into it.

Contacts

Liivalaia tn 45, 10145, Tallinn, Estonia
+372 628 3300

Luminor Bank AS is headquartered in Tallinn.

Social Networks

Luminor Bank AS has profiles at the following social networks:

Bank Identifiers

BIC (SWIFT)
RIKOEE22XXX
LEI
213800JD2L89GGG7LF07
Company Number
11315936
MFI ID
EE11315936

Bank History

Previous Name
Aktsiaselts DNB Pank

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See Also

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